Crooked CEO keeps job and blames $12 an hr staff

[sooperphreek]

i think its funny seeing people laud CEOs and say they get paid fairly and work hard. they seem to work hard pushing the envelope of laws and justice. and when they get caught - they shrug and blame the staff.

http://www.alternet.org/economy/watch-elizabeth-warren-brutally-rebuffs-wells-fargo-ceos-lame-apology-and-demands-stumpf

the most annoying part for me is that many people seem to want business people of this nature getting into politics because they have the right education and experience. experience to do what? break the laws and rules? and then when they do get into power they beat up on those same $12 an hr people while keeping the upper management they dont fire happy.

[Bsuds]

Ya that one is a real joke. He should be fired with absolutely no compensation package!

[Nomaster]

Should happen, but it won't.

I'm sorry, but those 5000 low paid bank employees are not off scot free.
They know that information given to them by clients is personal and private.
They violated privacy acts at least.

[Nomaster]

This has been going on since 2011. Why are we only hearing about it now?
Isn't there supposed to be protection for consumers and oversight of the banking system?
https://consumerist.com/2016/09/15/feds ... -accounts/

[sooperphreek]

http://www.wsj.com/articles/wells-fargo-ceo-stumpf-to-retire-1476306019

Mr. Stumpf will walk away with total compensation during his years at Wells Fargo valued at about $120 million, according to an estimate by Mark Reilly, a managing director at human-resources consultancy Overture Group LLC. This estimate reflects the value of stock and stock options as well as retirement benefits and deducts the $41 million Mr. Stumpf has already forfeited. It is based on the bank’s Wednesday share price.

funny how the board only acted on this "after" they were caught