What yesterday's hilariously awful testimony by Wells Fargo's CEO portends for his future
by Cory Doctorow from on (#1VGA5)
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")