Wells Fargo CEO John Stumpf will temporarily forgo his salary for 2016 while the bank launches an independent investigation over phony accounts created by employees to reach aggressive sales targets.
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Wells Fargo's (WFC) CEO John Stumpf may be giving back $41 million in compensation, but Sen. Elizabeth Warren, D-Mass., isn't shedding any tears for him.
Secretary of Labor Tom Perez on Tuesday said he would initiate a "top-to-bottom" review of labor practices at disgraced bank Wells Fargo — coming as CEO John Stumpf agreed to forfeit $41 million over a brewing sales scandal. Perez w...
Fortune reports: Wells Fargo CEO John Stumpf may not lose his job over the phony account scandal that has cost his bank its reputation (and $185 million in fines), but he will lose his bonus — and then some. After weeks of public ou...
Wells Fargo CEO John Stumpf is giving up $41 million in unvested equity. The clawback relates to the still unfolding scandal over millions of fake accounts set up at the bank.