Wells Fargo preparing new pay plan in wake of fake account scandal

Last year, Wells Fargo said that it planned to change its employee compensation plan, de-emphasizing the sales goals that led to 5,000 of the bank’s former employees opened as many as 2 million credit card and bank accounts without authorization in order to get sales bonuses. When Wells Fargo made that announcement in September, the details on the changes were scarce, but a new report states that the bank is ready to roll out on its new comp plan, one without sales goals.