Post Profile






Wells Fargo CEO John Stumpf To Retire Effective Immediately

The most anticlimiatic and predictable outcome to the biggest banking scandal to rock Wall Street in recent years, Wells Fargo;s fraudulent creation of 2 million (or more) fake customer accounts, has just concluded in the only possible way: with CEO and Chairman John Stumpf retiring. The stock has jumped on the news, up 2% in the after hours. There are two outstanding questions here: i) the size of his retirement package, and ii) whether by exiting stage left, he leaves criminal and civil liability behind, or whether this time, the DOJ and/or SEC will actually prosecute the disgraced form chief executive.
read more

share
See more about: Wells Fargo

Related Posts


Wells Fargo CEO Steps Down Amid Sales Scandal

Business & Finance : Business from Newser

Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices, the AP reports. The San Francisco bank said Wednesday that Stumpf is retiring effective im...

Wells Fargo CEO steps down in wake of fake account scandal

Business & Finance : Mashable: Business

The CEO of Wells Fargo will reportedly step down as CEO and chairman of the board of the major U.S. bank, a move that comes in the wake of a major scandal over the creation of fake accounts on behalf of thousands of customers. SEE A...

Former Wells Fargo CEO John Stumpf has no one to blame but himself

Business & Finance : Business Insider: Money Game

After weeks of being batted around, Wells Fargo CEO John Stumpf has retired from the bank Stumpf announced that he is retiring effective immediately from the bank on Wednesday after 34 years, with the board of directors naming COO T...

The CEO of Wells Fargo is out

Business & Finance : Business Insider: Money Game

The CEO of Wells Fargo, John Stumpf, is retiring, effective immediately. Stumpf has recently come under fire for a scandal in which 2 million credit and debit card accounts were opened by bank employees without the knowledge of cust...

Wells Fargo CEO John Stumpf is retiring, effective immediately

Business & Finance : Business Insider: Clusterstock

Wells Fargo CEO John Stumpf is retiring, effective immediately. He'll be replaced by Tim Sloan, who has been with the bank for over 25 years. Stumpf has recently come under fire for a scandal in which bank employees opened 2 million...

Comments


Copyright © 2016 Regator, LLC