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Wells Fargo CEO To Give Up Some Stock Mid-Scandal

Wells Fargo & Co. Chief Executive John Stumpf will forfeit compensation worth about $45 million, part of the company’s response to the still-unfolding scandal over millions of fake accounts created by bank employees. Stumpf will give up about 910,000 shares in unvested stock awards, and will not get a bonus this year.

Read the whole story at Los Angeles Times »

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