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Wells Fargo CEO forfeits millions as board orders review
September 28, 2016 by publisher · Leave a Comment
(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the center of a burgeoning sales scandal, has left the company ahead of her planned Dec. 31 retirement date, will get…
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Wells Fargo CEO forfeits millions as board orders review
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Wells Fargo CEO forfeits millions as board orders review
September 28, 2016 by elegant · Leave a Comment
(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank'…
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Wells Fargo CEO forfeits millions as board orders review
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Senators push Wells Fargo CEO on pay clawbacks after bogus accounts
September 21, 2016 by creative · Leave a Comment
U.S. Senate lawmakers excoriated Wells Fargo & Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are “too big to fail.” Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for…
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Senators push Wells Fargo CEO on pay clawbacks after bogus accounts