Carrie Tolstedt, Wells Fargo Executive Responsible For Latest Scandal Walks Away With $125 MILLION.


As the French say, the more things change the more they remain the same.

Source: Wells Fargo Executive Responsible for Recent Scandal Walks Away with $125 Million



Carrie Tolstedt ; Credit: davidicke.com

 Following a massive scandal that defrauded millions of its customers, Wells Fargo has come under even more scrutiny after it rewarded the executive responsible for the fraud with $125 million. Carrie Tolstedt, who will leave her position later this year, was in charge of consumer banking, the unit of the bank responsible for opening more than 2 million unauthorized customer accounts in a scandal that cost Wells Fargo $185 million in fines. Richard Cordray, head of the Consumer Financial Protection Bureau, said that:

“It is quite clear that [the actions…

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