Wells Fargo CEO gives back $41 million made in equity scandal

By Anna Giaritelli

Published September 27, 2016 11:49pm ET

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Wells Fargo CEO gives back $41 million made in equity scandal — Wells Fargo CEO John Stumpf will forfeit an estimated $41 million in equity awards and his salary as the banking corporation conducts an independent investigation into the firm's handling of retail banking sales practices, the company announced Tuesday evening. (AP Photo/Richard Drew) | Richard Drew

Wells Fargo CEO John Stumpf will forfeit an estimated $41 million in equity awards and his salary as the banking corporation conducts an independent investigation into the firm’s handling of retail banking sales practices, the company announced Tuesday evening.

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