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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.
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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.        

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'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...

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

Politics / US Politics : Huffington Post: Politics 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...

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