Follow *tim_fargo "I do not dream at night, I dream all day, I dream for a living." - Steven Spielberg
Wells Fargo CEO Tim Sloan will resign immediately, the company announced. He is the second CEO to step down in the last two and a half years, as the bank has been buffeted by scandal.
Tim Sloan needed to go, and he should not take a huge payout with him. But Wells Fargo’s mismanagement is about more than one CEO – this bank needs a complete culture shift.
Wells Fargo CEO Tim Sloan is stepping down immediately as the bank struggles to overcome a litany of scandals
Watch: Rep. Alexandria Ocasio-Cortez grills Wells Fargo CEO Tim Sloan: AOC: "Why was the bank involved in the caging of children and financing the caging of children to begin with?" Sloan: "I don't know how to answer that question because we weren't."
Wells Fargo CEO resigns immediately after sales practices scandal; COO Tim Sloan will move into the position.