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Wells Fargo Will Claw Back $41M From CEO

John Stumpf, the Wells Fargo CEO slammed for his "gutless leadership" by Sen. Elizabeth Warren last week, is going to have to tighten his belt a little this year: He is going to forfeit his bonus, part of his salary, and $41 million in stock awards over the fake-account scandal...
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Wells Fargo Claws Back $41 Million From CEO John Stumpf

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Wells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions of dollars in pay as the bank tries to … Click to Continue »

Amid scandal, Wells Fargo claws back CEO pay

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CEO John Stumpf and a former Wells executive will forfeit millions of dollars in bonuses, the bank's board says.

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CEO John Stumpf will forfeit $41 million in stock awards, not receive a salary during an investigation and have no bonus for 2016.

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