Post Profile






Wells Fargo board forces CEO to forgo $41 million in compensation following bogus account scandal

Wells Fargo CEO John Stumpf will forgo $41 million in compensation, the bank’s board of directors announced Tuesday, as punishment for a bogus accounts scandal that has rocked the company. The bank has already apologized and said it fired 5,300 employees tied to the illegal conduct, which saw...
read more

share
See more about: Wells Fargo

Related Posts


Wells Fargo May Claw Back Millions From Carrie Toldstedt, John Stumpf As Soon As Today

Business & Finance : Zero Hedge

If banking villain du jour Carrie Toldstedt thought she had managed to sneak away quietly into the night, with her recently topped off bank accounts intact before Wells Fargo's biggest consumer fraud scandal in years became front pa...

Fair Game: Wells Fargo’s Critics Aim a Salvo at Its Board

Business & Finance : DealBook

The bank’s chief, John Stumpf, is facing congressional grillings, but the bank’s board also failed its duties in a sham accounts scandal.

Wells Fargo CEO Stumpf To Forfeit $41 Million As Probe Launches After Fake Account Scandal

News : Huffington Post

Wells Fargo & Co said on Tuesday that it had launched an independent investigation into the firm’s retail banking sales practices. Wells Fargo, the United States’ third-largest bank by assets, agreed to pay $190 million earlier this...

Wells Fargo may claw back some of CEO John Stumpf's compensation

Business & Finance : Business Insider: Clusterstock

Wells Fargo's board of directors is leaning toward clawing back stock-based compensation from Wells Fargo CEO John Stumpf and Carrie Tolstedt, the firm's former head of community banking, according to The Wall Street Journal's Emily...

Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

Business & Finance : LA Times: Business

Embattled Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stump...

Comments


Copyright © 2016 Regator, LLC