Home | About | Donate

Disgraced Wells Fargo CEO Should Not Receive a Golden Parachute


#1

Disgraced Wells Fargo CEO Should Not Receive a Golden Parachute

Public Citizen

WASHINGTON - Statement of Robert Weissman, President, Public Citizen:

Wells Fargo fired more than 5,000 employees who, under pressure to meet unrealistic “cross-selling” targets, created millions of sham consumer accounts. It is right that the man who ran the company while it perpetrated a multi-year consumer fraud of epic proportions is receiving the same treatment. Those fired employees didn’t receive golden parachutes, and CEO John Stumpf shouldn’t either.

###