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.
Oregon Senators Jeff Merkley and Ron Wyden on Friday welcomed news that Wells Fargo CEO John Stumpf has stepped down from the Federal Reserve’s Federal... Eurasia Review - WorldAlso reported by •Patch •ajc.com •bizjournals •L.A. Times •Globe and Mail
The long-time CEO of Wells Fargo agreed on Tuesday to forfeit $41 million (NZ$56.3m) in performance pay three weeks after the bank acknowledged that for at least... New Zealand Herald - BusinessAlso reported by •L.A. Times •Globe and Mail
WASHINGTON—Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank’s interest-rate policy, now has another headache: Wells... Epoch Times - USAlso reported by •L.A. Times •ajc.com