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Ex-Wells Fargo CEO Sues Bank Over $34M in Pay

Former Wells Fargo CEO Tim Sloan has sued the bank, claiming it withheld more than $34 million in compensation following his 2019 retirement. So reports the Charlotte Observer.

wells fargoSloan’s retirement from the bank followed a scandal over employees creating fake customer accounts to hit sales targets.

In the complaint, Sloan claims Wells Fargo illegally canceled an equity grant it owed him in order to use him as a “scapegoat.”

Read the full article from Charlotte Observer.

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