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Wells Fargo CEO: We should have done more sooner

Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said. … Click to Continue »
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Wells Fargo CEO forfeits millions in pay as scandal unfolds

Business & Finance : USAToday: Money

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.        

Wells Fargo's CEO is giving up $41 million over the phony accounts scandal

Business & Finance : Business Insider: Clusterstock

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. Follow BI Video: On Twitter Join...

Wells Fargo CEO forfeits $41 million amid fake account scandal

Business & Finance : USAToday: Money

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.        

Wells Fargo execs forfeit $60 million over account scandal

Business & Finance : Mashable: Business

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 stem a scandal over its sales practices. The independent directors at...

Watch Wells Fargo CEO John Stumpf Face House Panel Over Fake Accounts

News : The Two-Way

Questions for Stumpf include one about his sale of $13 million in stock, which Rep. Carolyn Maloney calls "by far the largest open-market sale of Wells Fargo stock" in the CEO's tenure.

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