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September 28, 2016

Wells Fargo CEO to Return $41 Million in Compensation Amid Scandal
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In financial news, Wells Fargo CEO John Stumpf is being forced to return
$41 million of his personal compensation amid a massive scandal at the
major Wall Street bank involving thousands of employees who took private
customer information to create 2 million fake accounts in order to meet
sales targets. The scandal dates back to at least 2011, and Stumpf
admits he's known about the practice since 2013. Senator Elizabeth
Warren has called for Stumpf to resign and to be criminally
investigated.
Topics:Wells Fargo Wall Street

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