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Wells Fargo Claws Back Millions From CEO After Scandal

Wells Fargo Co. Chairman and Chief Executive John Stumpf will pledge $41 million for a bank’s burgeoning sales scandal, imprinting one of a biggest rebukes to a conduct of a vital U.S. financial institution.

The bank’s house changed to revoke compensate for Mr. Stumpf and former community- banking conduct Carrie Tolstedt forward of a conference of a House Financial Services Committee Thursday. Wells Fargo’s house pronounced Ms. Tolstedt, who…

Article source: http://www.wsj.com/articles/wells-fargo-board-actively-considering-executive-clawbacks-1474985652

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