Premise: Months ago, CEO John Stumpf praised the executive in hot water as “a standard-bearer” for the bank. Wells Fargo & Co’s WFC -0.45% “sandbagger”-in-chief is leaving the giant bank with an enormous pay day—$124.6 million. Come on U.S. Code When is enough going to be enough????
Hypothesis: John Stumpf was unaware of the poor performance of the executive when he praised him.