Wells Fargo's ex-CEO quits Target, Chevron boards

Wells Fargo CEO John Stumpf is out

Wells Fargo’s embattled former CEO John Stumpf stepped down on Tuesday from the boards of two corporate giants: Target and Chevron.

The moves come just one week after Stumpf resigned suddenly as CEO amid an outcry over the scandal at his bank. There were loud cries for his resignation from lawmakers after Wells Fargo admitted to firing 5,300 workers for creating as many as 2 million unauthorized accounts since 2011.

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