Just heard that the whistleblowers that went to the SEC regarding Wealth Management's sales practices allegedly just received $28 million. How did that entire event effect TIAA CREF's financials and reputation, I wonder?
5 replies (most recent on top)
Well, that's certainly one way to get your paper right ;-)
Drinks on me, got my paper right
You can hustle too, get your paper right
Long before that diamond, I was in the dark
Graveyard shift, had to double up
Hahaha. Maybe TIAA can partner with P. Diddy on their next Hip Hop hustle. Heck, The Chief Operating Officer is his former business manager! That'd have a lot more juice than Wyclef Jean. Besides, Diddy may be willing to work for a discount soon. He'slooking like he done got his paper wrong.
@1xoi+1rMXRfDN - Just to clarify, the $28m was paid by the SEC as an award to the whistleblower, not by TIAA. However, I’m sure those awards are funded by the fines paid by companies.
We need a whistleblower to sound the alarm for T’s negligence. Spends more time on social media and giving speeches to outside organizations for fictitious awards than her actual job at TIAA.
Good for them. I worked in that division and anyone who was there will tell you it was like a North Korean sweat shop. Produce or die. The turnover was 25% per year. God, I don’t miss those days.
$28M on top of the billion dollar fine — can’t be good.