In the Margins

Wells Fargo shareholders send message to board, chair

April 26, 2017

By Reuters

Only three Wells Fargo directors received more than 90% support from voting shareholders at the company's annual meeting Tuesday. Chairman Stephen Sanger received just 56% approval. "Wells Fargo stockholders today have sent the entire board a clear message of dissatisfaction," Sanger said in a statement. "Let me assure you that the board has heard that message, and we recognize there is still a great deal of work to do to rebuild the trust of stockholders, customers and employees." Read the original story from Reuters.

 

 

Most Read

CCO Insight
CCOs see bigger pay bump in 2017

Mutual fund chief compliance officers received significant bumps in pay in 2017, according to new data from Management Practice Inc. On average, fund CCO compensation packages ...