Oct
04
‘You Should Be Fired’: Wells Fargo C.E.O. Faces Blistering Attacks From Senators
ByWells Fargo’s chief executive, Timothy J. Sloan, on Tuesday faced blistering attacks from Republican and Democratic senators, who voiced frustration with his response to a series of scandals that have rocked the bank.
Senator Elizabeth Warren, Democrat of Massachusetts, accused Mr. Sloan of promoting an aggressive sales culture that led bankers to create millions of fake accounts. She called for his ouster.
“At best you are incompetent, at worst you were complicit,” Ms. Warren said. “Either way you should be fired.”
She added that all Wells Fargo directors who served on the board during the years of the fake account scandal should be removed…
‘You Should Be Fired’: Wells Fargo C.E.O. Faces Blistering Attacks From Senators
