No Giant Bonuses for Scamming Wells Fargo Customers

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No Giant Bonuses for Scamming Wells Fargo Customers

Wells Fargo

Wells Fargo created more than 2 million fake deposit and credit-card accounts, and then charged unknowing customers for them.¹ Yet, the Wells Fargo executive who oversaw this misconduct isn’t being fired, they’re retiring--and walking away with almost $125 million in total compensation.²

Join Us to Demand that Well Fargo Claw Back its Executives Ill-Gotten Bonuses

Sources:
1. consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-fines-wells-fargo-100-million-widespread-illegal-practice-secretly-opening-unauthorized-accounts/
2. fortune.com/2016/09/12/wells-fargo-cfpb-carrie-tolstedt/

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Americans for Financial Reform

To: Wells Fargo
From: [Your Name]

There should be no giant bonuses for scamming Wells Fargo customers. We call on Wells Fargo to claw back the compensation of the executive responsible for millions of phony accounts, and the bonuses received by CEO John Stumpf during the time period covered by the abuses. This money should be used to pay the penalties and refunds to customers.