April 11, 2017
The Big Wells Fargo Clawback
– Broc Romanek
The big news from Wells Fargo yesterday was that the company’s board exercised its discretion to clawback $75 million from its former CEO and former head of community banking. Here’s the 113-page Wells Fargo board report – and here’s the news:
– NY Times “Wells Fargo to Claw Back $75 Million From 2 Former Executives”
– USA Today’s “Wells Fargo clawing back $75.3 million more from former execs in fake accounts scandal”
– WSJ’s “Wells Fargo Claws Back Millions From CEO After Scandal”
– Fortune’s “How Wells Fargo’s Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain”
Here’s analysis about this situation from Kevin LaCroix…