Tolstedt

Wells Fargo Updates: CEO John Stumpf ‘Failed to Disprove … A Massive Fraud’

Under aggressive questioning by Sen. Elizabeth Warren (D-Mass. ), Wells Fargo chief John Stumpf would not commit to pushing for the bank to rescind some of the approximately $100 million in compensation received by the executive who oversaw the employees who opened unauthorized customer accounts. Stumpf also said he never considered firing the executive, Carrie Tolstedt, who announced her …