4 ms·
Wells Fargo made about $2.5m from the fraudulent accounts, and Stumpf had $40m+ of compensation clawed back.
by evanpw 10y ago
Wells Fargo made about $2.5m from the fraudulent accounts, and Stumpf had $40m+ of compensation clawed back.
- lazaroclapp 10y agoWere those $40M used to pay back the victims of the fraudulent accounts, reimburse them for the stress, money and time spent fighting those charges and used to restore their creditworthiness, plus to fund the government and press groups involved in uncovering and fixing this mess? If so, I actually see it as a pretty reasonable outcome[1], specially given he is also not in charge there anymore. [1] well... modulo the fact that his compensation sounds surprisingly high to begin with, but that's between him and his stockholders.