Elizabeth Warren

Sen. Warren is right: The Wells Fargo directors all should be fired

Sen. Warren is right: The Wells Fargo directors all should be fired

Sen. Elizabeth Warren, D-Mass., on Monday took direct aim at the biggest elephant in the capacious room of the Wells Fargo unauthorized-accounts scandal — the question of why the board of directors hasn’t been fired.

In a letter to Federal Reserve Chair Janet Yellen, Warren named the 12 Wells Fargo directors who served while the scandal developed, from 2011 through 2015 at least. She observed that their dereliction “caused Wells Fargo to suffer massive financial losses, including nearly $200 million in settlements with government entities, and… long-lasting reputational damage...

EDITION: California | U.S. & World
82°