Page 6 - John Stump News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For a whole mouth clean with a less intense taste... ahhh. try listerine® zero alcohol™. also try listerine® pocketpaks for fresh breath on the go. welcome back pa. a lot of big business headlines. we start with phoney account scandal with wells fargo. now two former executives at the bank are having millions of dollars they were paid taken back. this is the most in banking history. >> absolutely. good morning to you. wells fargo announcing the biggest clawbacks in financial services history, based on a report on the account's scandal. the board found it necessary to claim back an additi...

Pressure on the d.m. to get something done. >> reporter: when news of the scandal spread ceo john stump left the bank following a fiery congressional grilling. >> it's guttless leadership. >> reporter: and so did the head of the bank, terry tolsted. they walked away with millions in compensation boosted by aggressive sales tactics. stump said the bank never told employees to commit fraud, but many former workers say the pressure led to that. >> we had a lot of pressure. i remember as a teller we had the bankers just on our backs. >> reporter: to get the client. >> to get the client that i had ...

After an investigation found their leadership led to the scandal involving millions of unauthorized accounts. the bank took an additional $28 million from former ceo john stump who agreed to give up $41 million in compensation when he resigned in october. the former head of the community bank unit carrie tolstedt lost an additional $47 million in stock options on top of the $19 million she gave up last june. and in wisconsin, a manhunt is intensifying for a 32-year-old fugitive considered armed and highly dangerous. joseph jacob bow ski is accused of zealing more than a dozen rifles and hand...

Loss to avoid paying personal income taxes? >> of course i do. >> presidents are under no legal obligation to release their tax returns so we might still never see them. >> number three, scandal at wells fargo. two million fake ats secretly created by employees facing unrealistic sales targets. the bank was fined $185 million, fired 5,300 workers and dropped the sales goals fueling the bad behavior. ceo john stump was hauled before congress for a tongue lashing. >> your definition of accountable is to push the blame to your low level employees. it's gustless leadership. >> a month later he was...

Him after he sent a lewd photo to the woman with his four-year-old son in the picture. >> and new e-mails from hillary clinton, putting a jolt in her presidential campaign. and wells fargo ceo john stump stepped down. and 2016, the company frooed agreed to pay 185 million to settle allegations that accounts were opened without customer's permission to reach aggressive sales target sxet epi pen paying 460 million to settle allegations that it overbilled medicaid. the house grilled the ceo health arer brash after she received a raise of more than 667 percent over nine years.