Apr
25
A Showdown Over Wells Fargo’s Board of Directors Looms
ByPONTE VEDRA BEACH, Fla. — The scandal at Wells Fargo over the creation of millions of fake bank accounts cost more than 5,300 people their jobs, many of them tellers and other low-level employees.
The bank then clawed back tens of millions of dollars in pay from its retired chief executive and fired the former head of the retail operation.
The next group of employees who could lose their jobs are Wells Fargo’s board of directors, who face re-election on Tuesday at the bank’s annual shareholder meeting…
A Showdown Over Wells Fargo’s Board of Directors Looms
