Feb 15 • 22:00 UTC 🇯🇵 Japan Asahi Shimbun (JP)

Prudential Branch Manager Invites Junior Colleagues to Earn Big, Behind a Distorted Sales Organization

A Prudential branch manager actively recruits junior colleagues by promoting high earnings, revealing issues within the company’s organizational structure and recent financial scandals.

A senior manager at Prudential Life Insurance attempted to recruit a former junior high school soccer teammate into the company, emphasizing the potential for high earnings and showcasing personal financial success. This interaction raises concerns about the predatory recruiting practices within Prudential and its organization's motivations. The manager's push for recruiting seems to stem from a problematic corporate culture that pressures employees for continuous expansion, which could lead to financial misconduct.

Recent revelations indicate that over a hundred Prudential employees were involved in defrauding approximately 500 customers out of about 3.1 billion yen, which has led to significant reputational damage for the firm. Investigations by Japan's Financial Services Agency are ongoing, examining the depth and implications of these financial irregularities. The branch structure, described metaphorically as an “amoeba,” suggests a confusing and perhaps exploitative framework that prioritizes recruitment and sales over ethical standards.

As the industry and regulatory bodies react to the scandals, concerns grow over the sustainability of such recruitment practices and whether they can lead to greater scrutiny of the insurance and finance sectors in Japan. The case underscores the necessity for revisiting corporate governance and the ethical responsibilities of financial institutions to protect consumers and foster trust within the market.

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