Wells Fargo CEO John Stumpf will forfeit much of his 2016 salary -- including his bonus and $41MM

[Snarkoleptic]

million as company launches probe.

To which I say-
Thank Dog they have a crack staff of employees courageously investigating the executive wing.
I'm certain they'll get to the bottom of it, just like when they absolved themselves of wrongdoing after they doubled my mortgage payment after mistakenly paying my taxes and insurance for a year. I wonder if I'm an anomoly, or a data point in a larger scandal.

http://money.cnn.com/2016/09/27/investing/wells-fargo-ceo-clawback-john-stumpf-tolstedt/

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.

Wells Fargo, under pressure from lawmakers and shareholders to take action, said Tolstedt will not receive a bonus or severance, and that she'll forfeit all of her $19 million worth of unvested stock awards. Wells Fargo also said Tolstedt has agreed not to exercise some $34 million in stock options, the bank's independent directors announced Tuesday.

[Sherman A1]

1. It's a start

not enough, but a start.

[Initech]

2. Again, he should get zero and have to spend time in prison.

That's the only way those corporate CEO scumfucks will ever learn is if they get their precious millions taken away from them.

[Blue Dalek]

3. It was fraud. They should get prison time.

I give zero fucks for their loss.

[closeupready]

4. K&R

[trotsky]

5. "Tolstedt has agreed not to exercise some $34 million in stock options"

But she gets to keep them. Just wait until this blows over then enjoy your lifelong wealth created by screwing people over.