Wells Fargo Executives Giving Up Millions After Fake Credit Card Scandal

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John Stumpf, chairman and CEO of Wells Fargo, testifies about the banks' unauthorized opening of accounts on Capitol Hill in Washington on Sept. 20, 2016. (Saul Loeb/Getty Images)

Wells Fargo announced that CEO John Stumpf will give up tens of millions of dollars in pay, after the revelation that thousands of bank employees started credit card and other accounts for customers without their permission.

Here & Now‘s Jeremy Hobson speaks with CNN’s Maggie Lake about the story, and her recent interview with Microsoft CEO Satya Nadella.


Maggie Lake, host of “CNNMoney with Maggie Lake.” She tweets @MaggieLake.

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