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I guess he will be laughing all the way to the bank if there is a resignation and according to the article he is on Janet Yellen's federal reserves advisory board.
I guess his bonuses were tied to account growth and accountability.
I guess he will be laughing all the way to the bank if there is a resignation and according to the article he is on Janet Yellen's federal reserves advisory board.
I guess his bonuses were tied to account growth and accountability.
You assume he cares about money. He has more than enough money to NOT care about money any more.
Secondly, what's wrong with that? You are more than welcome to negotiate any kind of package with your employer. Go ahead and ask for $200 million and see how that goes.
I guess he will be laughing all the way to the bank if there is a resignation and according to the article he is on Janet Yellen's federal reserves advisory board.
I guess his bonuses were tied to account growth and accountability.
It sounds like that money is already his. I doubt he's worried about making the house payment.
You assume he cares about money. He has more than enough money to NOT care about money any more.
Secondly, what's wrong with that? You are more than welcome to negotiate any kind of package with your employer. Go ahead and ask for $200 million and see how that goes.
He was ultimately responsible of what when on since he was CEO. His severance should be taken away because of it. They threw the little people under the bus....you know the ones making 50,000 or less so that the greedy fat cats could keep their jobs and the money they make.
I guess he will be laughing all the way to the bank if there is a resignation and according to the article he is on Janet Yellen's federal reserves advisory board.
I guess his bonuses were tied to account growth and accountability.
The falsified accounts generated about $1.2 million is billing over 4 years, a drop in the bucket for a bank the size of WF. The bank issued credits to offset these charges. The average credit was $25 per account.
More than likely his comp is tied to stock price/shareholder value at different points in time.
The contract may or may not have a claw back provision.
It appears neither he nor the bank's public accountant thought the possible financial settlement with regulators was going to be meaningful, so it appears it was not disclosed. If there is a claw back provision in the contract, the failure to disclose might be what triggers the claw back.
The bank employs about one- quarter of a million people all over the world. If you think the CEO knows what everyone of them is doing, you have no sense of reality. CEO rely in their internal auditing function to identify control weaknesses and failures. The bank's Internal Audit group were the ones that identified the problem more than 4 years ago. I have no idea how long it took them to determine 5000 employees were engaging in fraud. The terminations began in 2011 and concluded in March of this year.
He was ultimately responsible of what when on since he was CEO. His severance should be taken away because of it. They threw the little people under the bus....you know the ones making 50,000 or less so that the greedy fat cats could keep their jobs and the money they make.
Buffet lost 1.4 Billion over this guy, let's see if he gets as self righteous over this as his secretaries tax rates.
And I guess their managers and their managers just condoned it. You can't do something like this without it being detected right away.
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