Wells Fargo CEO To Resign Amid $185m Scandal With $124m Bonus…

Posted on 10/13/2016 by with 0 comments

Amid a massive scandal that’s cost Wells Fargo $185 million in fines CEO John Stumpf has resigned with a fluffy $123.6 million departure package. Yes folks, that is correct. Stumpf will be departing amid a scandal that found bank employee’s creating over 2 million fake accounts just to cash in on bonuses. That would mean in known totals this scandal and the departing executive will cost one of the oldest continuously running banking institutions in America nearly $307,000,000.00.

Add this scandal onto the pile of yet another public trust failing at the hands of one of Americas oldest banking institutions, who only recently just settled on mortgage fraud charges to the sum of $1.2 Billion with the Federal Government.

Alas, it would seem that none of this really means anything to anyone anymore. It’s ok America, go to sleep…

Leave a Reply

Your email address will not be published.

« Back home

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close