1. Wells Fargo : CEO John Stumpf's Career Over at Wells Fargo. Will Bank's Board Survive the Crisis?

    Wells Fargo : CEO John Stumpf's Career Over at Wells Fargo. Will Bank's Board Survive the Crisis?

    John Stumpf , the embattled top executive of Wells Fargo & Co. , announced his retirement plans Wednesday, effective immediately. The decision by Stumpf, who is 63, to step down comes after he served nearly seven years as chairman and nine years as chief executive...

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    1. I am grateful for the opportunity to have led Wells Fargo.
    2. Every time the Department of Justice settles a case of corporate fraud without holding individuals accountable, it reinforces the notion that the wealthy and powerful have purchased a higher class of justice for themselves.
    3. He helped to create one of the strongest and most well-known financial services companies in the world.
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