It gets really worse. http://www.zerohedge.com/news/2016-...te-fire-whistleblowers-who-exposed-banks-ille I wonder of Buffett is selling out his position.
Wells Fargo CEO would still get payday if bounced If Wells Fargo CEO John Stumpf is dismissed "with cause," he would only leave a portion of a $200 million parachute behind, despite the scandal in which thousands of bank employeesopened unauthorized accountsfor customers to meet sales goals. A portion of his bonuses were tied to those accounts.(CNN Money)
Workers who didn't cheat and were fired sue Wells Fargo Two former Wells Fargo employeesfiled a class actionlawsuit seeking $2.6 billion for former and current employees who tried to meet the bank's sales goals without resorting to fraud. The suit alleges that Wells Fargo fired, demoted or forced workers who did not meet quotas to open 10 new accounts per day.(Reuters)
Plaintiffs lining up to sue Wells Fargo At least four prospective class-action lawsuits from former employees and customers have been filed against Wells Fargo. Previously, the bank has fended off lawsuits from customers by maintaining that they're bound by arbitration. (Los Angeles Times)
California Treasurer calls on Wells Fargo CEO to resign http://www.sfgate.com/business/article/California-suspends-Wells-Fargo-from-state-bond-9383502.php
Wells Fargo announces executive changes amid scandal Wells Fargo is widely expected to tap its COO,Timothy J. Sloan, to succeed CEO John Stumpf, who is under fire for the fake-accounts scandal. The bank announced a shuffling of its top executives, which it said was not related to the recent controversy.(New York Times)
Wells Fargo CEO John Stumpf resigns effective immediately http://www.sfgate.com/news/article/Wells-Fargo-CEO-John-Stumpf-resigns-effective-9967431.php