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Carrie Tolstedt was sentenced to three years of probation including six months of home confinement by U.S. District Judge Josephine Staton in Los Angeles. (Reuters) -The former head of Wells Fargo ...
Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal.
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
Carrie Tolstedt is the longtime former head of Wells Fargo’s retail banking division, and is also facing prison in another case. Former Wells Fargo exec misled investors, SEC said. She’ll pay ...
Carrie Tolstedt, who headed the department, retired in July 2016 and received $124.6 million in stock, options, and restricted Wells Fargo shares as a retirement package. [146] [147] On October 12, 2016, John Stumpf, the then chairman and CEO, announced that he would be retiring amidst the scandals.
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
John Gerard Stumpf (born September 15, 1953) [2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States.
Carrie Underwood ditched her signature sparkles and fringe in favor of waders and a hoodie for an outdoor adventure that left some fans doing a double take.. On Saturday, September 14, the 41-year ...