Wells Fargo CEO Tim Sloan to resign

Wells Fargo CEO Tim Sloan to resign

Wells Fargo said on Thursday Tim Sloan will resign immediately as CEO. Sloan becomes the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. The bank’s general counsel C. Allen Parker will serve as interim CEO. Sloan, 58, said he decided to quit because the focus on him had become a distraction inhibiting the bank from moving forward.

Scruffy Stoat
Scruffy Stoat 1 year

Awww... that's a brave man. Stepping off the plane to save the company, now please look away while I open my glorious golden parachute and land safely on my mountain of money... earned through unethical business practices. Steal $20 from a convenience store = prison. Steal millions from thousands of people = good business strategy.

Star Alien
Star Alien 1 year

He is crooked.

M.Twain 1 year

And he leaves with a huge Golden Parachute, after being in charge during multiple scandals which cost Americans millions if not billions of dollars. Who says crime does not pay, it pays really good if your a CEO and commit white-collar crimes. https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/wells-fargo-tim-sloan-list-scandals-141539802.html

Toby Lunn
Toby Lunn 1 year

Epstein link perhaps?

Emperor Tito
Emperor Tito 1 year

Ah yes, economic fascism at work. Never change democrats.

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