September 20, 2016
Elizabeth Warren Roasts Wells Fargo CEO
Wells Fargo CEO John Stumpf did not have a good day. During a hearing of the Senate Banking Committee, Senator Elizabeth Warren roasted him for his handling of the bank’s recent scandal in which two million fake accounts were created to meet sales goals. The bank recently settled with federal regulators for $185 million. That wasn’t enough for Warren, who called Stumpf a “gutless” leader, called for him to resign and said he should be criminally investigated. The scandal was uncovered in 2013 by LA Times reporter E. Scott Reckard, a win for journalists during a time when trust in media is at an all-time low. Pnut Poll: What do you think should happen to Wells Fargo CEO John Stumpf?
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