Amid a massive scandal that's cost Wells Fargo $185 million in fines CEO John Stumpf has resigned with a fluffy $123.6 million departure package. Yes folks, that is correct. Stumpf will be departing amid a scandal that found bank employee's creating over 2 million fake accounts just to cash in on bonuses. That would mean in known totals this scandal and the departing executive will cost one of the oldest continuously running banking institutions in America nearly $307,000,000.00.
Add this scandal onto the pile of yet another public trust failing at the hands of one of Americas oldest banking institutions, who only recently just settled on mortgage fraud charges to the sum of $1.2 Billion with the Federal Government.
Alas, it would seem that none of this really means anything to anyone anymore. It's ok America, go to sleep...
(To read the story with included links please visit: http://www.subverting.us)
Very interesting
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