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.