Two arrogant, self entitled, wealthy men went up against Elizabeth Warren [View all]
and both lost their heads: Timothy Sloan and John Stumpf were Wells Fargo CEOs. They resigned in disgrace.
John Stumpf left Wells Fargo & Co. with his image in tatters, lost more than $70 million through forfeitures and a clawback and now faces a government fine and a lifetime ban from the financial industry.
https://www.latimes.com/business/story/2020-01-24/wells-fargo-john-stumpf-millions
Timothy J. Sloan, the embattled chief executive of Wells Fargo, abruptly stepped down on Thursday as one of the countrys largest banks struggles to recover from a series of self-inflicted scandals ...
Senator Elizabeth Warren, Democrat of Massachusetts and a presidential hopeful, welcomed the news of Mr. Sloans departure. About damn time, she wrote on Twitter. She added, He enabled Wells Fargos massive fake accounts scam, got rich off it, & then helped cover it up.
https://www.nytimes.com/2019/03/28/business/wells-fargo-timothy-sloan.html
I remember how Sloan winced every time Senator Warren said 'scam'.
I am looking forward to Wednesday's debate.