Article 1VGA5 What yesterday's hilariously awful testimony by Wells Fargo's CEO portends for his future

What yesterday's hilariously awful testimony by Wells Fargo's CEO portends for his future

by
Cory Doctorow
from on (#1VGA5)
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Yesterday, Wells Fargo CEO John Stumpf addressed the Senate Banking Committee about his bank's years of fraud, driven by threats of firing for low-level employees if they didn't meet unrealistic sales-targets, overseen by an executive who was given a $125m retirement bonus when she quit last summer, just before the scandal broke (though the bank had known it was going on since 2011). (more")

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