Inequality.org9d
At Wells Fargo, I Saw Firsthand How Excessive CEO Pay Harms Workers and Customers
As these fake accounts grew, the CEO of Wells Fargo at the time, John Stumpf, raked in bigger and bigger bonuses. After the ...
Courthouse News Service5y
Wells Fargo Settles With Feds, Will Pay $3B in Fake-Accounts Scandal
Wells Fargo has agreed to pay $3 billion to resolve criminal and civil claims involving excessive and unrealistic sales goals that led employees to falsify records and create fake customer ...
American Banker2y
Alarm bells, arrogance and the crisis at Wells Fargo
As the bank’s chief security officer, Michael Bacon spent years raising concerns about rampant sales abuses. In exclusive interviews, he details how the bogus-accounts scandal unfolded — and argues ...
Wells Fargo to lay off more workers from its West Des Moines campus as CEO comp rises
Wells Fargo is also continuing to pull itself from a 2016 scandal in which employees had ... Wells Fargo sold a six ...
MercoPress8y
Wells Fargo bank accounts' scandal leads to a major reshuffle
Wells Fargo & Co's veteran chairman and chief executive ... The bank's shares, which have slumped in the wake of the scandal, rose 2% in after-hours trading after the bank announced Stumpf's ...