Wells Fargo CEO ‘Earns’ Major Raise as Bank Racks up Billions in Fines
The day after his Tuesday appearance on Capitol Hill to answer questions from the House Financial Services Committee, banking empire Wells Fargo disclosed it would be giving the company’s CEO, Tim Sloan, a 5 percent raise for 2018. To repeat, this is the day after Sloan testified before Congress to convince the government that the San Francisco-based, global finance, mega-corporation has turned a corner. That’s after a string of major scandals starting in 2016 and rocking investor confidence in the company while racking up billions of dollars in fines for Wells Fargo. Wells Fargo Incurs Rare Federal Reserve Enforcement Actions
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