Monday, April 9, 2012

RS Your Choice





The housing crisis has affected no matter their living status. This podcast is mainly about an employee at Countrywide Mortgage, a large mortgage company. She was one of the many people affected by this crisis resulting in her seven-year mortgage loan. Her own company was increasing the prices of her mortgage. Quickly, she learned this company had a high turnover rate and they did not treat their employees correctly. After surveying fellow employees on job-satisfaction, the average was low teens if not single digits. She gave the results to the CEO and people in higher positions at the company to hope that proper actions were taken. Unfortunately, nothing ever happened. When Bank of America was trying to buyout Countrywide they asked this employee to create a PowerPoint to present her results. Weirdly enough, they never saw the correct PowerPoint. After lawsuits and the loss of a job, settlements were made and Bank of America bought out Countrywide.
What surprised me most about this podcast was the way Countrywide Mortgage screwed over their employees. It’s unfortunate to hear an employee being treated unfairly but even worse to hear nothing was done about it. Not only did she create a presentation for Bank of America but also, she went out of her way to survey other employees to see the results so low. 

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