Post Profile






Wells Fargo Is Only The Tip Of The Iceberg

After getting caught with his hand in the cookie jar for pushing dangerous retail banking products on unsuspecting customers, Wells Fargo CEO John Stumpf offered a belated mea culpa by forfeiting a portion of his outstanding stock awards and taking early retirement. Don’t worry about him, though, unlike the 5,000 low-wage front line workers his bank fired during the scandal he is still going home with an estimated $120-134 million security blanket to wrap himself up in.
read more

share
See more about: Wells Fargo John Stumpf

Related Posts


Wells Fargo CEO to forfeit $45 million in pay over fake-accounts scandal

Business & Finance : LA Times: Business

Embattled Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stump...

Wells Fargo Claws Back $41 Million From CEO John Stumpf

Business & Finance : Time: Business

The company's retail banking executive will also forfeit $19 million of her stock awards

Wells Fargo claws back part of CEO, other executive's salary

Politics / US Politics : Washington Watch

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 … Click to Continue »

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...

Wells Fargo Is Only The Tip Of The Iceberg

Business & Finance : Huffington Post: Business Blog

After getting caught with his hand in the cookie jar for pushing dangerous retail banking products on unsuspecting customers, Wells Fargo CEO John Stumpf offered a belated mea culpa by forfeiting a portion of his outstanding stock a...

Comments


Copyright © 2016 Regator, LLC