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John Gerard Stumpf (born September 15, 1953) [2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005.
The List of Wells Fargo presidents includes those persons who have served as President of Wells Fargo since 1852. It includes the presidents of the express mail company from 1852 to 1918 and of the Wells Fargo Bank, which was separated from the express company in 1905 and merged with the Nevada National Bank to form the Wells Fargo Nevada National Bank - the lineal ancestor of the present ...
Succeeded A.G. Lafley: 2017-11-12 Prudential Financial: John Strangfeld: Chairman and CEO [81] 2008 With the firm since 1977 2017-11-12 Qantas: Alan Joyce: CEO and MD [82] 2008 Formerly with Aer Lingus and Ansett Australia: 2017-11-12 Reliance Group: Anil Ambani: Chairman [83] 2006 Son of founder Dhirubhai Ambani: 2017-11-12 Reliance Industries ...
The $2.5-million fine imposed by the SEC on Wells Fargo's John Stumpf isn't even a slap on the wrist. Column: In legal settlement, Wells Fargo's discredited ex-CEO gets a wet smooch from the SEC ...
And in John Stumpf's case, it was a fake-account scandal in which low-level employees were, if a growing multitude of allegations are to be believed, all but forced to commit fraud in order to ...
Stumpf will retire after a Congressional probe and lawsuits following complaints that fake customer accounts were opened. Wells Fargo CEO John Stumpf retires, replaced by Tim Sloan Skip to main ...
The John G. Stumpf Stock Index From January 2008 to December 2012, if you bought shares in companies when John G. Stumpf joined the board, and sold them when he left, you would have a 18.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]