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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.
It's the definition of "failing upwards." It's become almost rote that when executives resign in disgrace they get to walk away with massive paydays.
In a September 20, 2016, hearing, Warren called on Wells Fargo CEO John Stumpf to resign, adding that he should be "criminally investigated" over Wells Fargo's opening of two million checking and credit-card accounts without the customers' consent. [99] [100]
The bank and its CEO, John Stumpf, have been under fire for the past few weeks after the bank agreed to pay $185 million in fines. POLL: 86 percent of Americans think that Wells Fargo's CEO should ...
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On March 28, 2018, Trump announced on Twitter that Shulkin had been fired. [6] [7] Following his dismissal, controversy erupted about efforts by the White House to privatize VA healthcare [8] and Shulkin's allegedly inappropriate taxpayer-funded foreign trips. [9] Robert Wilkie: March 28, 2018 May 29, 2018 Peter O'Rourke: May 29, 2018 July 30, 2018
On June 27, 2007, the board of directors elected Stumpf CEO, with Kovacevich retaining the chairmanship. In September 2009 Wells Fargo announced Kovacevich would step down as chairman and a director at the end of 2009 and retire from the company in early 2010 after 23 years with Norwest and Wells Fargo. [ 9 ]
A number of top executives at Twitter have resigned from the social media company amid Elon Musk’s confusing and highly disorganized takeover of the platform.