Warren Skewers Wells Fargo CEO for Greed and ‘Gutless Leadership’
(COMMON DREAMS) Lauren McCauley, September 24, 2016 — As many hoped she would, Sen. Elizabeth Warren (D-Mass.) on Tuesday gave a thorough tongue-lashing to Wells Fargo CEO John Stumpf for what she described as “gutless leadership” for his failure to take responsibility for the recently exposed, years-long banking fraud scandal.
“Since this massive, years-long scam came to light, you have said repeatedly, ‘I am accountable.’ But what have you actually done to hold yourself accountable?” the top Wall Street watchdog and Massachusetts senator asked during the U.S. Senate Banking Committee hearing on the bank’s opening of millions of unauthorized accounts.
“Have you resigned as CEO or have you returned one nickle of the million of dollars that you were paid while the scam was going on?” she asked.