Wells Fargo CEO Takes Responsibility For ‘All Unethical’ Practices; Reuters via Huffington Post, 9/20/16

Reuters via Huffington Post; Wells Fargo CEO Takes Responsibility For ‘All Unethical’ Practices:

"The chief executive officer of Wells Fargo & Co on Tuesday apologized for the bank’s opening as many as 2 million bogus customer accounts that could generate fees for the lender.

“I accept full responsibility for all unethical sales practices,” CEO John Stumpf told a congressional panel...

[Ohio. Sen. Sherrod] Brown said employees were caught “forging signatures, and stealing identities, Social Security numbers, and customers’ hard-earned cash, so as to hang on to their low-paying jobs and make money for the high-paying executives at Wells Fargo.”"

‘You should resign': Elizabeth Warren excoriates Wells Fargo CEO John Stumpf; Washington Post, 9/20/16

Jena McGregor, Washington Post; ‘You should resign': Elizabeth Warren excoriates Wells Fargo CEO John Stumpf:

"In at least a couple of instances, she used the bank's own words against him. She began by reading from the bank's "vision and values statement," which says "we believe in values lived, not phrases memorized," and "if you want to find out how strong a company's ethics are, don't listen to what its people say. Watch what they do."

So, she said, "let's do that," noting Stumpf had repeatedly said "I'm accountable." Then she drilled into questions where he was unable to affirmatively answer that he had resigned, handed back money he'd earned or fired any senior executives."

Parmesan cheese you sprinkle on your penne could be wood; Bloomberg News via Pittsburgh Post-Gazette, 2/16/16

Lydia Mulvany, Bloomberg News via Pittsburgh Post-Gazette; Parmesan cheese you sprinkle on your penne could be wood:

"Acting on a tip, agents of the U.S. Food and Drug Administration paid a surprise visit to a cheese factory in rural Pennsylvania on a cold November day in 2012.

They found what they were looking for: evidence that Castle Cheese Inc. in Slippery Rock was doctoring its 100 percent real Parmesan with cut-rate substitutes and such fillers as wood pulp and distributing it to some of the country’s biggest grocery chains...

Some grated Parmesan suppliers have been mislabeling products by filling them with too much cellulose, a common anti-clumping agent made from wood pulp, or using cheaper cheddar, instead of real Romano.

Castle president Michelle Myrter is scheduled to plead guilty this month to criminal charges. She faces up to a year in prison and a $100,000 fine.

German brewers protect their reputations with Reinheitsgebot, a series of purity laws drawn up 500 years ago. Champagne makers prohibit most vineyards outside their turf from using the name. Now the full force of the U.S. government has been brought to bear defending the authenticity of grated hard Italian cheeses."