Wells Fargo's Scandal Costs Its CEO Millions — Which Isn't Much To Him
Wells Fargo CEO John Stumpf is forfeiting $41 million in stock awards in the wake of his company's fake account scandal.By Grant Suneson | September 27, 2016
As his bank weathers an ongoing scandal, Wells Fargo's CEO John Stumpf is forfeiting $41 million in stock awards plus some salary. But it's tough to feel bad for someone who would stand to make double that even if he was fired.
Wells Fargo's former community banking chief Carrie Tolstedt will also lose out $19 million in stock.