Wells Fargo’s board will force CEO John Stumpf to give up $41 million in stock options. Wells Fargo employees created millions of fraudulent accounts for customers without their knowledge under Stumpf’s watch, crossing all kinds of ethical boundaries, not to mention being illegal. So for Massachusetts Senator Elizabeth Warren, that financial punishment does not go far enough. Warren thinks Stumpf should resign and face criminal charges. But remember when Wall Street banks decimated the entire American economy? None of those CEOs were arrested or forced to give up their millions.
KCRW
