Wells Fargo executive in charge of fake accounts unit that cost bank a $185m fine and 5,300 jobs will walk away with $125m golden handshake
I feel like we all KNEW this was going to happen…but let’s pretend like we are surprised anyway. Remember last week when the news broke about Wells Fargo firing 5,300 employees who were part of a scam to rip off innocent customers for millions? Well, we have an update! The exec from Wells Fargo, Carrie Tolstedt, who was responsible for the “department” that opened more than two million unauthorized accounts gets to walk away at the end of the year with $125million. That sounds about right. From the article: “Carrie Tolstedt served as the company’s head of Community Banking for eight...
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