Wells Fargo

[drkelly]

Anyone else been following this Wells Fargo mess? CEO John Stumpf resigned today. If not, here are the cliff notes: employees were told by management to open false accounts for customers who did not ask for them. This was done to meet sales goals. Some employees tried to 'blow the whistle' by going to HR, but they were corrupt too, so instead of getting help, they were fired!

 

[Riddle]

Is this why I got a random text message from Wells Fargo telling me there was fradulant activity on my account......when I closed my account with WF 6 years ago?

 

[XJsavage]

I'll stick to my small town state credit union, thanks.

 

[Tom@Hilltop_Machine]

Anyone else been following this Wells Fargo mess? CEO John Stumpf resigned today. If not, here are the cliff notes: employees were told by management to open false accounts

So wells fargo could hide money in those accounts also.

 

[AdamH]

I have worked for WF (started with First Union) for over 17 years in HR. needless to say this has been a shit storm.

 

[92_SquareEye]

Rule of thumb: stay away from financial institutions that play in derivative markets.....

 

[drkelly]

John Stumpf walks away with $130,000,000. WTF!? Nobody except maybe the person who cures cancer is worth that much money.

 

[Hurley]

Buffet is worth more?

 

[obullfish]

And Trump.

 

[drkelly]

I did not mean net worth. My point is i do not believe CEOs should make that kind of money.

 

[UTfball68]

I did not mean net worth. My point is i do not believe CEOs should make that kind of money.

That's the beauty of working hard, capitalism and having a skill set not many have. Now what I don't think should happen is any kind of severance when stepping down for at best negligence, at worst directing this charade.

 

[BIGWOODY]

I did not mean net worth. My point is i do not believe CEOs should make that kind of money.

My father ex-CEO of a major bank, who retired at 55 to South Florida and summers at Torrey Pines in Cali. would disagree with you….

 

[RatLabGuy]

That's the beauty of working hard, capitalism and having a skill set not many have. Now what I don't think should happen is any kind of severance when stepping down for at best negligence, at worst directing this charade.

He isn't getting any severance
Wells Fargo CEO retires amid accounts scandal and is replaced by a longtime company insider

 

[UTfball68]

Whoops...see your edit now...and you're right...it's not. But that vestiture leaves a bad taste in your mouth.

 

[TARider]

I did not mean net worth. My point is i do not believe CEOs should make that kind of money.

The government should decide the max people can make.

Oh wait, that's on its way.

 

[obullfish]

My CEO only makes about $8k an hour that poor bastard.