Wells Fargo Reclaims $75 Million from Execs

Following an independent investigation of its sales practices, Wells Fargo has reclaimed $75 million from its former CEO, John Stumpf, and Head of Community Banking, Carrie Tolstedt. This brings the organization’s total executive compensation actions up to $180 million. The organization has also named replacements for Stumpf and Tolstedt and implemented several other changes.

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Source: DS News

2017-04-10T18:00:39-06:00