On Oct. 12,five weeks after it was announced that Wells Fargo was fined $185 million for unethical commerce practices, John Stumpf stepped down as chairman and CEO of Wells Fargo.
On Oct. 13, or The Wall Street Journal published an editorial headlined, Wells Fargo’s political sacrifice: CEO John Stumpf is offered up to the Beltway Gods.”
The Wall Street Journal praised Stumpf for navigating Wells Fargo (NYSE: WFC) through the banking crisis of 2008-2009 and called him “… one of the most…
Source: bizjournals.com