Episode 860 • • 2:30:05 - 2:31:45
860: Power Through
Wells Fargo Fraud Scandal, Carrie Tolstedt Payout
Wells Fargo executive Carrie Tolstedt is retiring with a $124 million payout following the revelation that bank employees created over 2 million unauthorized customer accounts to meet sales goals. Despite the bank being fined $185 million, critics point out that no executives have faced criminal charges for the systemic fraud. The hosts compare the massive executive bonus to the relatively small fine levied against the institution.