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Wells Fargo CEO forfeits $41 million amid fake account scandal

Chief Executive Officer at Wells Fargo John Stumpf will forfeit about $41 million dollars of uninvested equity awards and will not receive a salary while the bank’s sales practices are being investigated.        
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Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

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Wells Fargo CEO forfeits millions in pay as scandal unfolds

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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.        

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