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Wells Fargo CEO John Stumpf To Resign In Wake Of Scandal

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10.12.16 | 5:13 pm
FILE - In this Tuesday, Sept. 20, 2016 file photo, Wells Fargo Chief Executive Officer John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Facing bipartisan outrage from a Senate... FILE - In this Tuesday, Sept. 20, 2016 file photo, Wells Fargo Chief Executive Officer John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Stumpf appeared taken aback by the intensity of the verbal lashing. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam." (AP Photo/Susan Walsh, File) MORE LESS

SAN FRANCISCO (AP) — Wells Fargo CEO John Stumpf to resign, effective immediately, in wake of scandal over bank’s sales practices.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Associated Press
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  1. Couldn’t happen to a nicer asshole. I’d support stripping him of all assets and throw him out in the street.

  2. Too good for a banking fraud criminal to walk away from a job with $100 million ripped off from society and We The People. Indict his ass now at the federal courts, litigate him until he’s in the poor house, then convict him of the worst possible, and put him in prison for years. That is what he, and We The People, deserve. And so do Blankenfein, Jamie Diman, … the list goes on.

  4. Yep. The poor bastard will walk with more than $100 million in vested stock, plus accumulated pension and 401(k) benefits exceeding $24 million.

    The life of a white-collar criminal is so hard.

  5. So if they could charge him with something couldn’t the courts confiscate all of this as profiting from a criminal enterprise?

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