--after the scandal about ethics-plagued "sales techniques"
utilized by employees burst over the media world wide.
Mr. Stumpf, haled before the U.S. Congress, shamed and
exposed, could not remain CEO of the nation's largest
mortgage banker, especially after his sales staff fell on their
swords, 5,300 of them summarily fired. Either way, these
hapless workers were doomed, obeying OR disobeying
orders to carry out the massive illegal scheme.
The disgraced CEO walks away with ~130 million big
ones, reported by money.cnn.com. He can presumably
avoid the nation's righteous indignation/opprobrium by
coloring his hair and flying to another nation, retiring
from American business altogether. Will he?
Platinum parachute at the ready, anything is possible;
problematic indeed, however, is the restoration of his
good name. Only "objectivist" followers of Laissez Faire
(the Ayn Rand version) can approve of this man's
method, therefore, him.