This video just rehashes the statistics that have been reported over and over. "Explained" means: What type of accounts were opened? How were they opened without customer authorization? Were they left open, or closed? Were employees trained to do this, or did they simply go rogue on their own to meet sales goals?
A lot of people don't understand how "golden parachutes" work or why they exist. When someone signs a contract to be the CEO of a company and fails miserably a corporation then has to pay them enough money so that they won't be sued for full compensation under their contract. They are paying large sums of money to remove a problem.
yep- and thats why execs looked the other way. at the end of the day the shareholders determine what top tier execs stay, and they arent doing audits- if their stock prices goes up and it pays dividends, shareholders dont really care how it happens