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April 11, 2017

Wells Fargo Executives Forced to Pay Back $75M over Fake Accounts Scandal
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Two Wells Fargo executives are being forced by the company's board to
pay back $75 million in compensation over a massive scandal in which
Wells Fargo workers created 2 million fake accounts in order to meet
grueling sales targets. Wells Fargo former CEO John Stumpf and the
former head of community banking, Carrie Tolstedt, are forced to return
a combined $75 million in pay, making it the largest "clawback" in U.S.
banking history. Wells Fargo has fired a staggering 5,300 low-level
workers over the creation of the fake accounts. People nationwide also
continue to protest Wells Fargo over its role in funding the $3.8
billion Dakota Access pipeline.


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