Saturday, March 24, 2018

'You Should Be Fired, Not Rewarded': Warren Slams Scandal-Ridden Wells Fargo CEO for 35 Percent Raise

https://www.commondreams.org/news/2018/03/16/you-should-be-fired-not-rewarded-warren-slams-scandal-ridden-wells-fargo-ceo-35
"Warren tweeted her outrage after regulatory documents revealed Sloan's 2017 pay rose significantly from the previous year, even as Wells Fargo was facing rebuke after its employees opened millions of fraudulent accounts in customers' names. The bank has been forced to pay nearly $200 million in fines due to its actions. The bank was also sanctioned this week by regulators over another scandal in which it signed up and charged customers for auto insurance that they didn't need or request. Wells Fargo will have to give refunds to about 570,000 consumers."