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John Stumpf exits Wells Fargo after account scandal

Bank's chairman and CEO resignation comes a little more than a month after news of phony accounts broke
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The Resignation of Wells Fargo's CEO

Business & Finance : Business: The Atlantic

After a month of national backlash for a phony accounts scandal, John Stumpf has resigned effective immediately.

Wells Fargo's Polar Opposite

Business & Finance : Forbes: Business

Wells Fargo continues to wrestle with its recent scandal, in which some 5,000 employees were shown to have opened fake accounts. New CEO Tim Sloan said last Friday that he wants to “earn back” the bank’s reputation. Good luck to him...

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...

Bay Area Whistleblower Told Wells Fargo CEO About Bogus Account Problem In 2007

United States / San Francisco : SFist

A letter has emerged, addressed to former Wells Fargo CEO John Stumpf in September 2007, detailing the widespread practice of creating fraudulent bank and credit card accounts in order to meet sales quotas and predicting that the pr...

Wells Fargo's former CEO just resigned from the boards of Target and Chevron (WFC, TGT, CVX)

Business & Finance : Business Insider: Money Game

Recently retired Wells Fargo CEO John Stumpf has resigned as a board member of Target and Chevron. Regulatory filings from both companies on Tuesday contained the news. "Mr. Stumpf resigned for personal reasons and not as a result o...


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