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Banks clawing back pay harder than it seems
Senate Banking Committee presses Wells Fargo to claw back compensation from Carrie Tolstedt over 2 million unauthorized customer accounts. Tolstedt's total pay surpasses 100 million in potential recovery, but most assets are protected by policy. unvested stock of about 19 million could be lost amid reputational damage.
MENTIONED IN THIS ARTICLE
Senate Banking Committee
Wells Fargo
Carrie Tolstedt
Washington, D.C
Tolstedt
U.S
John Stumpf
Senators
Lloyd Dean
Dignity Health
Wells Fargo Board
Stumpf
Elizabeth Warren
Massachusetts Democrat
Mercer
Charles Elson
University of Delaware
John