Similar Stories to Making Them Pay: Wells Fargo Orders Ceo John Stumpf To Pay Back $41 Million on Bing News

Ken Sweet, Associated Press, Salon: Politics
Wed, 09/28/2016 - 5:34am

FILE - In this Jan. 18, 2011 file photo, a pedestrian walks by a Wells Fargo bank branch in Los Angeles. (Credit: AP) WASHINGTON — Wells Fargo says CEO John Stumpf and the executive who ran the bank’s retail banking division will forfeit tens of millions of dollars in bonuses as the bank tries to stem a scandal over its sales practices. The board of directors at the nation’s second-largest bank said Tuesday that Stumpf will forfeit $41 million in stock awards, while former retail banking executive Carrie Tolstedt will forfeit $19 million of her stock awards, effective immediately.

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BING NEWS:
  • Wells Fargo to lay off more workers from its West Des Moines campus as CEO comp rises
    Wells Fargo continues to reduce workforce at its Jordan Creek campus, this time laying off 40 workers and bringing the total over 1,400 since 2018.
    05/2/2024 - 8:55 am | View Link
  • Wells Fargo shareholders reject union-busting audit
    Wells Fargo shareholders rejected a proposal Tuesday to appoint a third-party monitor that would have examined whether the bank was impeding employees’ unionization rights, according to American ...
    05/1/2024 - 6:50 am | View Link
  • Wells Fargo CEO responds to union push at shareholder meeting
    After employees at a handful of Wells Fargo branches voted to unionize, CEO Charlie Scharf said the bank is "committed to bargaining in good faith" but also believes employees are "best served by ...
    04/30/2024 - 10:50 am | View Link
  • Wells Fargo investors approve executive pay, CEO underscores risk controls
    Wells Fargo shareholders on Tuesday approved its plans for executive compensation with a majority vote, including hiking CEO Charlie Scharf's 2023 package to $29 million.
    04/30/2024 - 9:49 am | View Link
  • Loss-making Warner Bros Discovery's CEO pay rises to $50 million in 2023
    Warner Bros Discovery CEO David Zaslav's annual compensation rose nearly 27% to $49.7 million in 2023, a filing with the Securities and Exchange Commission (SEC) showed on Friday. The rise in pay ...
    04/19/2024 - 6:01 am | View Link
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