Wells Fargo’s corporate governance is again under scrutiny

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The Office of the Comptroller of the Currency (OCC) expressed disappointment with Wells Fargo’s “inability to execute effective corporate governance and a successful risk management program”. As a response, the OCC is considering a forced exit of some of the bank’s executives and directors. The bank’s CEO, Timothy Sloan, received remuneration of more than $18 million in 2018, a 5% increase compared to 2017.

The Wall Street Journal, Emily Glazer, March 11th 2019 |  The Wall Street Journal, Rachel Louise Ensign and Andrew Ackerman, March 12th 2019 |  The Wall Street Journal, Maria Armental, March 12th 2019