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Wells Fargo Chief Blames Employees, Not Company Culture, for Scandal

John Stumpf, the bank’s leader, told lawmakers the sham accounts were an ethical lapse limited to the 5,300 low-level employees, who were fired.
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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.        

Update on: Wells Fargo live updates: 'You have failed,' lawmaker tells CEO John Stumpf

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Wells Fargo live updates: 'You have failed,' lawmaker tells CEO John Stumpf Sept. 29, 2016, 10:08 a.m. Wells Fargo Chairman and Chief Executive John Stumpf returns to Capitol Hill today to testify before the House Financial Services...

Wells Fargo live updates: 'You have failed,' lawmaker tells CEO John Stumpf

Business & Finance : Money & Co

Wells Fargo live updates: 'You have failed,' lawmaker tells CEO John Stumpf Sept. 29, 2016, 10:08 a.m. Wells Fargo Chairman and Chief Executive John Stumpf returns to Capitol Hill today to testify before the House Financial Services...

Wells Fargo CEO faces more anger from lawmakers

Business & Finance : USAToday: Money

The CEO of Wells Fargo was the target of more outrage on Capitol Hill Thursday. Testifying before the House Financial Services Committee, John Stumpf told lawmakers once again he's "deeply sorry" for his company's scandal over fake ...

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...

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