Politics Elizabeth Warren laid the smackdown on Wells Fargo CEO

Discussion in 'The Howard Stern Show' started by XuXu, Sep 21, 2016.

  1. XuXu

    XuXu Well-Known Member

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    http://www.usatoday.com/story/news/...21/elizabeth-warren-wells-fargo-ceo/90766060/


    Wells Fargo CEO John Stumpf told the Senate Banking Committee he was "deeply sorry" Tuesday over allegations the bank opened millions of accounts without customers' permission in order to meet aggressive sales quotas.

    Sen. Elizabeth Warren was having none of it.

    The Massachusetts senator has built a reputation for being tough on shady Wall Street dealings and the executives she believes are responsible. But she took it to the next level with Stumpf.

    "OK, so you haven't resigned. You haven't returned a single nickel of your personal earnings. You haven't fired a single senior executive," Warren said. "Instead, evidently, your definition of accountable is to push the blame to your low-level employees who don't have the money for a fancy P.R. firm to defend themselves. It's gutless leadership."

    Stumpf — who earned $19.3 million last year — said he was "deeply sorry that we failed to fulfill our responsibility to our customers, to our team members, and to the American public," but he rejected calls to return any executive compensation. He said he wanted to be "very clear that there was no orchestrated effort, or scheme as some have called it, by the company."
     
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  2. Calloused Shins

    Calloused Shins Well-Known Member

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    These fuckers did this to me... Guess who didn't pay the overdraft fees?
    :owned:
     
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  3. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

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    Should have publicly executed this guy. Make a example
     
  4. XuXu

    XuXu Well-Known Member

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  5. SuperFarts

    SuperFarts Well-Known Member

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    Staged drama for the masses.

    Afterwards they shake hands in a back room and exchange monetary gifts for favors.
     
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  6. gitchasum

    gitchasum Well-Known Member

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    I can't stand these white collar criminals.
     
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  7. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

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    Yet we have two running for president.
     
  8. HowieHasBeen

    HowieHasBeen VIP Extreme Gold

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    A Sen. talking about ripping off people. What a joke.
     
  9. sfgirl

    sfgirl Well-Known Member VIP

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    Welp. There ya go Mr CEO. It's criminal.
     
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  10. XuXu

    XuXu Well-Known Member

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    I'd settle for taking his money. These guys are the modern-day untouchables. No better than gangsters.
     
  11. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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    :winner::winner::winner::winner::winner:
     
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  12. yosemite sam

    yosemite sam Camel Jockey Gold

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    Did anyone go to jail? If not then it's all bullshit.
     
  13. ClintDagger

    ClintDagger World's #2 Ranked Poster - Exec VP Larry, Inc

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    Stumpf sucks, but still has a higher approval rating than congress I'm guessing. Is Warren going to give back her salary?
     
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  14. Yeahnolisten

    Yeahnolisten Well-Known Member

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    "Yes, we are VERY, VERY mad at you and will change a law that will affect your industry. However, we'll only tell the executives that contributed to us what the law will be and we have to make our own insider trades first".
     
  15. StRyDeRxX

    StRyDeRxX Bling Bling Gold

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    The problem with the stock market right now is that companies have to post record profits on a consistent basis. If all they do is maintain the business they get punished. That leads to shenanigans like this.
     
  16. gitchasum

    gitchasum Well-Known Member

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    That's not a problem. This asshole is getting paid millions. If all he can do is maintain the business he should be punished.
     
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  17. RobsDad

    RobsDad Well-Known Member VIP

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    Not a bad rant for a Half-Breed.....allegedly. ;)
     
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  18. cg256

    cg256 Well-Known Member VIP

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    And this was his response to Senator Warren:

    [​IMG]
     
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  19. Tim

    Tim Well-Known Member VIP

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    Everyone wants to be a reality star like Trump now. The high chieftess embarrassed herself. Really cringeworthy
     
  20. slab0meat

    slab0meat negative creep VIP

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    DESTROYS