And now the child has passed…
Nice to see Palm Beach County doing business with such an upstanding company.
Back in April of this year, PBC Clerk of Court Sharon Bock renegotiated deal with Wells Fargo reducing annual fees and maximized savings of county money.
WEST PALM BEACH, FLA. (April 3, 2012) – Clerk Sharon Bock is proud to announce a new banking contract with Wells Fargo that will save Palm Beach County approximately $1 million over the next three years.
Clerk Bock, who is the independently elected county Chief Financial Officer, presented details of the new contract to the Board of County Commissioners during their Tuesday meeting.
“My goal as the county’s chief financial watchdog is to negotiate on behalf of the taxpayer, so that they receive the best service at the lowest possible cost,” Clerk Bock said. “This new banking contract substantially reduces banking fees from prior years, and will save $1 million in taxpayer dollars over the three contract years.”
The new contract cuts Wells Fargo’s banking and other fees, which amounts to a savings of approximately $233,000 a year. The deal also maintains the county’s current level of earnings credits at 50 basis points, which is one of the highest rates offered in the nation.
Sounds nice and all but now we have this report of a dead child allegedly at the hands of Wells Fargo.
From the Huffington Post…
Wells Fargo allegedly fired an employee because his dying daughter needed expensive cancer treatment, according to a lawsuit filed in Palm Beach County Court on Thursday.
Wells Fargo fired mortgage consultant Yovany Gonzalez three days before his daughter Mackenzie was scheduled to get cancer surgery in August of 2010, the lawsuit states. According to the suit, the hospital canceled the surgery because Mackenzie no longer was covered by health insurance. She died of cancer in March of 2011.
Before Gonzalez was fired, Wells Fargo and United Health Care, the health insurer, asked Gonzalez’s wife “numerous questions” about Mackenzie’s treatment and made “several references … to the costs of her treatment,” the lawsuit states. Around that time, Gonzalez’s supervisor told Gonzalez that Wells Fargo was looking for reasons to get rid of him, according to the lawsuit.
“This was a loss of an innocent child’s life,” Jack Scarola, Gonzalez’s lawyer, told The Huffington Post. “There were [some] Wells Fargo employees who not only lacked compassion but seemed to have been motivated by entirely improper concerns about finances.”
Are the savings really worth the cost of doing business with entities like these?
I bet any parent would say no.
It’s time to stop incentivising corporations that prey on the people of our country.
Our hearts and prayers go out to the Gonzalez family.
Copy of the lawsuit below…