Wells Fargo CEO forfeits $41 million

Elizabeth Warren: Wells Fargo CEO should resign

Wells Fargo CEO John Stumpf will forfeit much of his 2016 salary — including his bonus and $ 41 million in stock awards — as the bank launches a probe into its phony accounts scandal.

The fallout from the controversy has also resulted in its first major executive departure. Carrie Tolstedt, who headed the division that created the fake accounts, has left the company ahead of her scheduled retirement at year end.

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