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Wachovia Corp.
| Headquarters location: 100 N. Main St. Winston-Salem, NC 27150 |  | Tel. 704-374-6161 Job offers, investor relations: www.wachovia.com Stock:  |
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« ETHICAL » RATING OF WACHOVIA
, group
and subsidiaries
[ ?] |
| Human: 1 violation(s) of fundamental human rights |
| Job: 17% of company's jobs cut since 1998 |
| Delinquency: 5 act(s) of financial or trade delinquency |
| Tax haven, secret bank account, shell companies: operates in 12 offshore financial center(s) |
| Sales: more than 29 billion(s) dollars/euros in annual sales |
| Net profit: more than 22 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 749 times the median income in the United States (32000 US$/year) |
| Influence: 4 act(s) of direct corruption or lobbying |
| Advertising & marketing: 2 dubious practice(s) |
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Relevance: business & market share |
year | business source |
| 2006 | Seventh-largest private bank in the world. A private bank is reserved to fortunes larger than 1 million dollars. | Les Echos  |
| 2003 | Wachovia provides 3,9% of the Retail bank services bought in the United-States. | Les Echos  |
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World locations & Manufacturing |
country incentive : address & contact : production type source |
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year name | photo position; compensation source |
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year | dubious practice : image source |
| 2007 | Mishandling of private data: Wachovia is fighting a lawsuit accusing it of letting fraudulent telemarketers use its accounts to bilk millions of dollars from consumers. The plaintiffs accused Wachovia of allowing some "payment processors" to create authorized, unsigned checks on behalf of telemarketers to withdraw funds from customer accounts between 2003 and 2006. They also accused Wachovia of trying to win or retain business from companies that it knew were accused of telemarketing fraud, despite being alerted by other banks about the deceptive activity.: | Reuters  |
| 2006 | Mishandling of private data: Dishonest insiders stole 676 000 personal bank accounts data.: | Privacy Ri.  |
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