Post Profile

It's not just Wells Fargo: executives who get the golden ax

It's the definition of "failing upwards." It's become almost rote that when executives resign in disgrace they get to walk away with massive paydays. This time around, though, there may be some small measure of comeuppance after Wells Fargo CEO John Stumpf, under fire after his bank was caught creating 2 million accounts that may not have been authorized by customers in order to rack up fees, announced he will forfeit $41 million in stock awards.
read more

See more about: Wells Fargo

Related Posts

Wells Fargo exec linked to scandal collected $125M in exit pay

Lifestyle / Fashion : AOL: Style

The leader of the team at Wells Fargo that created 2 million unauthorized customer accounts retired earlier this year with a massive payday of $124.6 million. And it doesn't appear the bank will claw back any of that money. Carrie T...

Wells Fargo execs will lose a few millions out of the hundreds of millions they got for abetting massive fraud

Humor / odd : Boing Boing

Wells Fargo's Board of Directors have finally exercised their right to claw back part of the hundreds of millions of dollars taken home by two senior executives who were compensated on the basis of the fraudulent earnings the bank t...

ELIZABETH WARREN: Wells Fargo's CEO losing $41 million in stock is a 'small step' but not enough

Politics : Business Insider: Politix

Elizabeth Warren doesn't think Wells Fargo went far enough by taking away $41 million in stock-based compensation from CEO John Stumpf.  In a tweetstorm on Wednesday, the Democratic Senator from Massachusetts said that the clawback ...

Labor Department will probe Wells Fargo; CEO forfeiting $41 million in stock

Lifestyle / Fashion : AOL: Style

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...

Wells Fargo exec who oversaw fake customer accounts scam gets $125 million golden parachute

News : The Raw Story

Wouldn’t it be nice to be axed from your job because you helped your employer get smacked with a massive $185 million fine — and still walk away with a payday of $125 million? Fortune reports that Carrie Tolstedt, the executive in c...


Copyright © 2016 Regator, LLC