Tuesday, September 27, 2016

Wells Fargo

The CEO forfeits $41 million because of phony accounts scandal. Carrie Tolsdet who was head of the department that made the fake accounts has left the company and started retirement early. Wells Fargo says that she will not get a bonus or severance. Some say that she could still be hiding money. I think that this lady should have been fired. She was the head of a company-wide scandal and should not work there anymore. Yes she reatired but she needs to be punished more that that.
http://money.cnn.com/2016/09/27/investing/wells-fargo-ceo-clawback-john-stumpf-tolstedt/index.html

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