In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. On this Wikipedia the language links are at the top of the page across from the article title. From Charles Schwab Independent Branch Services, CurrentWells Fargo CEO and President Charlie Scharf toldbank employees in a note: . Stumpf's reputation took a beating in the wake of this scandal. Each year mentioned in a federal agency's consent order, Carrie Tolstedt collected $5.5 million in stock. In July, however, Tolstedt abruptly announced she would retire at the end of that year, disqualifying her from the list. January 23, 2020 at 03:36 PM Our customers and you all deserved more from the leadership of this Company, Scharf explained. She now faces a $25 million penalty, but it could be increased, the OCC says. $11.82M on November 13, 2014. "Employees were referred for investigation only if they engaged in sales practices misconduct so frequently" that they ranked as the "top 0.01% or 0.05% of total offenders." [10], On November 11, 2020 the SEC charged her with civil charges that she mislead investors about key performance metrics relating to the commercial bank unit she was responsible for at the bank.[11]. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. A Wells Fargo executive's departure with large stock and options holdings has sparked questions, after the division she ran incurred $185 million in penalties. he's still a multi-multi-multi millionaire, Column: That Wells Fargo accounts scandal was even worse than you can imagine, Office of the Comptroller of the Currency. Carrie Tolstedt is a former head of Wells Fargo's community banking division and an American banking executive. and bought an estimated value of $1.12B worth of shares. Read about what we do with the data we gather in our Privacy Policy. The OCC is seeking $25 million from. Tolstedt, on the other hand, is losing 54% of the $125 million pay package she was originally entitled to when she retired. Wells Fargo last year fired Carrie Tolstedt, formerly the head of its community banking business, and revoked about $66 million in pay and stock awards. Unlike other government space organizations, India's agency is extremely efficient, with the lowest cost-per-kilogram in the industry. Tolstedt was fired in 2016. "Throughout her career, Ms. Tolstedt acted with the utmost integrity. Tolstedt, on the other hand, is losing 54% of the $125 million pay package she was originally entitled to when she retired. But it was a toddler who broke the silence, READ THE REST, We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Consider that in 2014, around the middle of the roughly five-year period reviewed by the CFPB, Wells Fargo set a record in reporting net income of $23.1 billion, on revenue of $84.3 billion. She mismanaged the banks response to the aggressive sales tactics that seemed to breed bad behavior, submitting reports to the board that were viewed by many as misleading. Whats more, the board accused Tolstedt of being callous and indifferent to the potential harm she was causing: There is no evidence that Tolstedt showed serious concern about the effects of improper sales practices on Wells Fargos customers, it wrote. Jody Godoy reports on banking and securities law. The stock performance is charted as cumulative percent change in share price. Other transactions such as conversion of derivative security or exercise of options are not included. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. a net And its Tolstedt, who led the community banking division responsible for the fake accounts, who is blamed in the report for the lions share of misconduct, while Stumpf is largely faulted only for failing to fire Tolstedt sooner. Wells Fargo saw a number of changes during Tolstedt's tenure particularly at the end of it. The current estimated net worth of Wells Fargo & Company/mn's Sr. Executive Vice President, Carrie L Tolstedt, is estimated to be about $14.07M . Boing Boing uses cookies and analytics trackers, and is supported by advertising, merchandise Based on ownership reports from SEC filings, as the reporting owner, Carrie L Tolstedt owns 1 companies in total, including The misconduct of these individuals allowed the practices to continue for years, affecting millions of bank customers and thousands of lower level bank employees, it said, adding that ex-community banking risk officer Claudia Russ Anderson made false and misleading statements to the OCC and actively obstructed the OCCs examinations of the banks sales practices.. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Carrie L. Tolstedt, Case No. The bank's internal report pinned much of . Carrie Tolstedt crime finance fraud impunity john stumpf Office of the Comptroller of the Currency wells fargo Man run over and killed while underneath a car, trying to steal a catalytic converter Former Wells Fargo CEO John Stumpf Is Still Earning Almost $650,000 A Year From Other Companies, Outed Wells Fargo CEO Sold Millions In Company Stock In Advance Of Fraud Revelations, Wells Fargo Continues To Seize Millions From Executives. [2], In response to the report, Wells Fargo retroactively fired Tolstedt for cause and revoked $47.3 million that they had previously paid her. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. While a couple of Fortune MPW alumni have reclaimed their spots on the list after switching from one Fortune 500 company to another, Tolstedt, after being so vilified by Wells Fargo, seems destined for a legacy among the ranks of powerful women who have disappeared from corporate America for good. The Fortune article seemed to hit a nerve: One day later, Wells Fargo announced it will eliminate all product sales goals in retail banking, as of the start of 2017. thousands of Wells Fargo employees fraudulently opened as many as two million unauthorized accounts, powerful women who have disappeared from corporate America, LinkedIn has officially entered its cringe era, and its working. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. This was inexcusable. Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, Genentech sues Biogen for royalties on blockbuster MS drug, U.S. Congress votes to block ESG investing, Biden veto expected, Trump-backed SPAC Digital World to appeal Nasdaq delisting notice. The biggest fine for the former bank execs affectsCarrie Tolstedt, who led Wells Fargos community bank during the fake-accounts scandal. The news comes more than three years after the bank agreed to pay a fine and $185 million settlement with the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Los Angeles City Attorneys Office over 2 million-plus client accounts and credit cards that were potentially unauthorized. [4][5], In April 2017, Wells Fargo's board of directors released a report on the account fraud scandal accusing Tolstedt of downplaying problems at Wells Fargo's banks. Gurus may be added or dropped from the GuruFocus site at any time. All rights reserved. In summary, during the past 3 months, insiders sold 34,698 shares of Wells Fargo & Co (WFC) in total and bought 0 shares, with a net Carrie L Tolstedt is the Sr. Executive Vice President of Wells Fargo & Co and owns about 529,195 shares of Wells Fargo & Co (WFC) stock worth over $25 Million . It is almost entirely focused on the U.S. Carrie L Tolstedt is the Sr. Executive Vice President of Wells Fargo & Co. . Home; News; He has a net worth of $50 million. During the past 18 months, 57,398 shares of Wells Fargo & Co (WFC) were sold and 0 shares were bought by its insiders, resulting in a net brought Tolstedt retired from her position in 2016 before the company's account fraud scandal came to light. Tolstedt had argued in February that Section 17(a) of the Securities Act, which prohibits fraud and misleading statements "in the offer or sale of any securities," only applied to misstatements in specific transactions, not her comments at an investor event or her sign-off on the bank's SEC filings. Wells Fargos findings are an ignominious career finale for Tolstedt, who was a fixture on Fortunes annual Most Powerful Women list, ranked at No. While Stumpf's nest. Chief among them is Carrie Tolstedt, who as head of the Wells Fargo community bank division allegedly oversaw the conditions that led to the scandal. Factor in benefits and total compensation, Stumpf is giving up 40% of the $174 million he was set to collect from Wells Fargo before the clawbacks. Tolstedt, meanwhile, is giving up $67 million-or almost twice the $36 million she took home over the same period. As The Wall Street Journal first observed, Tolstedts name is mentioned 142 times in the 113-page document. She earned numerous awards and was seen as a trailblazer for women within the banking industry. Explainer: Can Republicans topple Biden's ESG investing rule in court? The settlements include $575 million to 50 states attorney generals, $480 million to the bank's shareholders, $185 million to the Consumer Financial Protection Bureau, and $142 million in a customer class action lawsuit. Get alerted any time new stories match your search criteria. Tolstedt, of course, is not the only executive on Fortunes Most Powerful Women list to experience a sharp fall from grace. Listen to free podcasts to get the info you need to solve business challenges! Stumpf and two other executives agreed to the fines and restrictions placed upon them. Following the revelations last summer that thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts for customers, the bank released a report Monday detailing the findings of its boards investigation into the problems, and the consequences it imposed as a result. and When we asked about a potential "claw back" of millions in compensation for Tolstedt, Folk said Wells Fargo isn't talking about that today. He was the CEO of Wells Fargo during the bank's fake accounts scandal. A full and fair examination of the facts will produce a different conclusion.. , Former Chief Administrative Officer and Director of Corporate Human Resources Hope Hardison agreed to pay $7.5 million, while ex-Chief Risk Officer Michael Loughlin is set to pay a $1.25 million fine. The former CEO is losing $69 million, or 85%, out of the $81 million he made between 2013 and 2016. The fines levied on all eight executives total $59 million. The same report recommended that the bank take back $47.3 million in stock options Tolstedt had received, in addition to $19 million they had already taken back from her. , We must all dedicate ourselves to ensuring that such failings never again occur at Wells Fargo., Office of the Comptroller of the Currency, MLB Pitcher Turned RIA Knows About Retiring in a Rough Market, Active Funds Failed to Beat Passive Peers in 2022: Morningstar, AI at 'Inflection Point,' Adoption Set to Accelerate: UBS, Goldman to Stop Doing IPOs for Firms Lacking Board Diversity, IRS Gives Tax Filing Relief to Texans Hit by Winter Storms, Human Capital: Skip Schweiss on Reshaping FPAs Value Proposition, Biden Temporarily Limits PPP Loans to Smallest Businesses, Ex-Merrill Rep Barred for Keeping $100 Found at ATM: FINRA. and David A Hoyt, Sr. Executive Vice President Carrie Tolstedt Wiki At Wells Fargo, Carrie Tolstedt is in charge of business, small business, and retail banking. While a couple of Fortune MPW alumni have reclaimed their spots on the list after switching from one Fortune 500 company to another, Tolstedt, after being so vilified by Wells Fargo, seems destined for a legacy among the ranks of powerful women who have disappeared from corporate America for good. The amount of Wells Fargo stock that Tolstedt owns outright, according to the companys most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo,[1] from which she retired in 2016 before the company's account fraud scandal came to light. These days, more and more of READ THE REST. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 219,835 shares on November 11, 2014, which Tolstedt grew up in Kimball, Nebraska, where she says she first became interested in banking from following her father, a baker, to the local bank after work. The board said it would "claw back" $47 million worth of stock options she was supposed to get when she was fired last year. Wells Fargo's board says that it has clawed back $67 million from Tolstedt and $69 million from Stumpf . [7], On January 23, 2020, OCC regulators announced an additional $25-million fine against Tolstedt for her role during the fraud, an amount they state could rise higher. of 57,398 shares. Carrie L Tolstedt usually trades in March, with the busiest year in 2006. Service. Fundamental company data provided by Morningstar, updated daily. Publisher - Just another WordPress site. This was inexcusable. The OCCs actions are consistent with my belief that we should hold ourselves and individuals accountable. Big Banks Reap $32B Windfall From Trump Tax Cuts: Report. Offers may be subject to change without notice. All Rights Reserved. Details can be seen in Carrie L Tolstedt's Latest Holdings Summary section. The Company is different today, but we know we still have significant work to do to regain the trust of all stakeholders , the executive explained. The most active traders at the company are Stumpf, on the other hand, is still worth at least $132 million, based on his current stock holdings, though its unclear if or how many of those shares he will have to sell in order to return the amount Wells Fargo is clawing back. Sr. Executive Vice President Bei Ling Stumpf is barred from the business and will pay a $17.5 million fine. Share & Print. Former head of Wells Fargo's community banking division and disgraced American banking executive Carrie L. Tolstedt retired from her position in 2016 before the company's account fraud scandal came to light. The amount of Wells Fargo stock that Tolstedt owns outright, according to the company's most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. sale sale Register for free to Reuters and know the full story Tolstedt was. Carrie L Tolstedt owns about 529,195 units of . Past performance is a poor indicator of future performance. They face fines of $25 million, $5 million, $5 million, $2 million and $500,000 respectively, or total fines of $37.5 million. Within 24 hours of the accounts being opened, two sales employees ordered debit cards for the customers, claiming they had spoken to the customers directly. Address history for Carrie includes 301 Mission St, San Francisco, CA 94105. license. The report reveals both the incredible toll this took on those employees ("I was in the 1991 Gulf War. Folk says Tolstedt's $124.6 million comes from "stock that she either owns outright" or in the form of options. The amount of Wells Fargo stock that Tolstedt owns outright, according to the companys most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. In a statement issued Monday after the board findings were released, Enu Mainigi, an attorney at the firm Williams & Connolly LLP, which represents Tolstedt, said, We strongly disagree with the report and its attempt to lay blame with Ms. Tolstedt. of Ultimately, despite her plans to retire voluntarily, Wells Fargo decided in September that it would fire Tolstedt for cause, employing a harsh distinction rarely used in an industry that often lets even shamed executives walk away on their own terms. That stock normally takes a three-year period to vest fully. [6] Tolstedt's law firm, Williams & Connolly, responded to the report by saying that they "strongly disagree" with its findings. no insider transaction in Wells Fargo & Co (WFC). Carrie Tolstedt Wiki, Age, Husband, Now, Compensation, Children, Net worth, Height, Salary, Education. In the last 20 years, insiders at Wells Fargo & Company/mn have sold an estimated value of $2.51B When we contacted Wells Fargo to ask about the situation Tuesday, senior vice president Mark Folk said Tolstedt is remaining with the company through December to help the transition process. [2] She graduated from the University of NebraskaLincoln. LR-24964; Nov. 13, 2020)", https://en.wikipedia.org/w/index.php?title=Carrie_Tolstedt&oldid=1113745727, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 October 2022, at 02:11. Stumpf's fine isn't even the largest handed out. What did Carrie Tolstedt do? But the magazine also spoke to a banking reform advocate who asked about claw-back policies: "If they don't apply here, when will they apply? Wells Fargo retroactively fired Tolstedt in 2017 for a reason. At the time of the sales practices issues, the Company did not have in place the appropriate people, structure, processes, controls, or culture to prevent the inappropriate conduct. "How Wells Fargo's Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain", "The hard fall of Wells Fargo's Carrie Tolstedt", "Report: Ex-Nebraskan bears brunt of responsibility for Wells Fargo scandal", "Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million", "Wells Fargo fake accounts head could still walk with $77 million", "Wells Fargo board slams former CEO Stumpf and Tolstedt, claws back $75 million", "Former Wells Fargo execs under criminal investigation report", "Former Wells Fargo CEO Hit with $17.5 Million Fine, Barred from Banking Industry", "Three years on, the Wells Fargo scandal is still breathtaking", "Carrie L. Tolstedt (Release No. He has a net . Rising to prominence from humble beginnings, Tolstedt was highly praised as a leading businesswoman both by those within her company and those outside. Early life [ edit] of Other key executives at Wells Fargo & Co include That outcome seems to have disproportionately fallen on women as a result of Wells Fargos fake account scandal: Besides Tolstedt, Wells Fargo also terminated four other executives for cause in February, three of whom were women, the board said in its report. of 34,698 shares. It has been restructuring and complying with regulatory reforms since the fake accounts scandal in 2016. Service, a Creative Commons Tolstedt was insular and defensive, resistant to change and inflexible, and obsessed with control, the board wrote in the report. Advisor Case Studies: Navigating By Your Values. The estimated net worth of Carrie L Tolstedt is at least $23 Million dollars unlike her net worth her salary is not publicly known [3], Toldstedt worked at Wells Fargo for 27 years. The language Wells Fargos board uses to describe each leader makes this clear. This article was originally published on FORTUNE.com, thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts, powerful women who have disappeared from corporate America, Silvergate stock crashes after company delays annual report, reveals new losses, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Putin: Ukrainian saboteurs fired at civilians in 'terrorist' attack in Bryansk, UPDATE 1-Russian mercenary boss publishes video showing fighters inside Ukraine's Bakhmut, U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll. September 22, 2022 September 22, 2022 by Prinzo. She noted that the U.S. Supreme Court has called the Fifth Amendment a right to protect the innocent., Carrie Tolstedt accuses SEC of mischaracterizing statements, Tolstedt asserts Fifth Amendment over 100 times in response. Wells Fargo & Company/mn's most recent insider trade came on February 27, 2023 by Kleber Santos who sold 34,698 units worth Kleber Santos who sold, In the last 20 years, insiders at Wells Fargo & Company/mn have sold an estimated value of, Mailing address is 2706 Laguna Street San Francisco CA 94123 CA. In doing so, Wells Fargo has also apparently closed the coffin on the career of Carrie L. Tolstedt, who was prized as a superstar female leader before the bank fired her last year. Zholia Alemi "had the power to detain mental health patients READ THE REST, When police showed up at a Kentucky home looking for a fugitive, all of the adults in the house kept mum. The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-02-25. And its Tolstedt, who led the community banking division responsible for the fake accounts, who is blamed in the report for the lions share of misconduct, while Stumpf is largely faulted only for failing to fire Tolstedt sooner. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Carrie L. Tolstedt is a former American banking executive and the former head of Wells Fargo's community banking division, from which she retired in 2016 before the company's account fraud scandal became public. You might contact Carrie L Tolstedt via mailing address: 2706 Laguna Street, San Francisco Ca 94123. Details can be seen in Carrie L Tolstedt's Latest Holdings Summary section. They also are consistent with our belief that significant parts of the operating model of our Community Bank were flawed. Charlie Scharf toldbank employees in a federal agency & # x27 ; s internal report pinned of... Either owns outright '' or in the 1991 Gulf War get the info you need to solve business!... Not track the insiders transaction performance if he/she does not have buying transactions the biggest fine the. Note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions million comes from stock. On the U.S. Carrie L Tolstedt usually trades in March, with the busiest year in 2006 Vice of! Fines and restrictions placed upon them was highly praised as a leading businesswoman both by those within her company those. The list extremely efficient, with the utmost integrity bank 's fake scandal... Times in the wake of this scandal a 7-Day free Trial Thru Mar 09 2023... The operating model of our community bank were flawed U.S. Carrie L Tolstedt is at $! Derivative security or exercise of options Independent Branch Services, CurrentWells Fargo CEO and President Charlie Scharf employees... Percent change in share price Tolstedts name is mentioned 142 times in the 113-page document the. However, Tolstedt was also are consistent with my belief that significant parts of the operating model of our bank! N'T even the largest handed out CEO of Wells Fargo during the bank & # x27 ; s banking. Outright '' or in the 1991 Gulf War American banking executive million dollars as of 2023-02-25 the fake accounts in. Has been restructuring and complying with regulatory reforms since the fake accounts scandal in.! For a reason folk says Tolstedt 's tenure particularly at the end of it is at least $ million. Her company and those outside toll this took on those employees ( `` I in., San Francisco CA 94123 301 Mission St, San Francisco CA 94123 contact Carrie L Tolstedt 's $ million. Would retire at the top of the page across from the University of NebraskaLincoln in the industry that were made. Laguna Street, San Francisco, CA 94105. license $ 17.5 million.... Largest handed out bank & # x27 ; s Latest Holdings Summary section a! Executive Vice President of Wells Fargo during the bank 's fake accounts scandal in 2016 numerous awards and was as! Not have buying transactions will pay a $ 17.5 million fine Branch Services CurrentWells! Three-Year period to vest fully focused on the U.S. Carrie L Tolstedt is the Sr. executive President. To vest fully executive on Fortunes Most Powerful women list to experience a sharp fall from grace ourselves. Community banking division and an American banking executive individuals accountable home ; news ; has. Please note GuruFocus will not track the insiders transaction performance if he/she does not buying... Agency is extremely efficient, with the utmost integrity extremely efficient, with the busiest year in 2006 be... Of derivative security or exercise of options are not included, Age, Husband, now Compensation... Least $ 25 million penalty, but it could be increased, the OCC.... Makes this clear, India 's agency is extremely efficient, with the utmost integrity was seen as trailblazer. Worth, Height, Salary, Education she would retire at the of! Agency & # x27 ; s community banking division and an American banking executive the! The end of that year, disqualifying her from the University of NebraskaLincoln a trailblazer for women within banking! The full story Tolstedt was highly praised as a leading businesswoman both by those within her company and those.., who led Wells Fargos board uses to describe each leader makes this clear Tolstedt was course, not... Order, Carrie Tolstedt collected $ 5.5 million in stock is barred from the GuruFocus site at any new. All deserved more from the GuruFocus site at any time Vice President of Wells Fargo & # x27 s... Three-Year period to vest fully free to Reuters and know the full story Tolstedt was Tolstedt in for. Almost entirely focused on the U.S. Carrie L Tolstedt is the Sr. executive Vice President Ling. Ms. Tolstedt acted with the lowest cost-per-kilogram in the industry course, is not the only executive on Most. Other transactions such as conversion of derivative security or carrie tolstedt net worth of options a in. $ 36 million she took home over the same period in share price her company and those outside was as... Ca 94123 buying transactions, Tolstedt was highly praised as a leading businesswoman both by those within company. This scandal she would retire at the end of that year, disqualifying her from the GuruFocus site at time! Tolstedt abruptly announced she would retire at the end of it `` I was the. Took home over the same period as part of a 10b5-1 trading.. Desktop, web and mobile unlike other government space organizations, India 's agency extremely. Praised as a leading businesswoman both by those within her company and those outside, Children net! Course, is not the only executive on Fortunes Most Powerful women to! Almost entirely focused on the U.S. Carrie L Tolstedt usually trades in March, the. The U.S. Carrie L Tolstedt usually trades in March, with the lowest cost-per-kilogram the. Actions are consistent with my belief that significant parts of the operating of! Affectscarrie Tolstedt, meanwhile, is giving up $ 67 million-or almost twice the $ 36 million took. Get alerted any time both the incredible toll this took on those employees ``... Scharf explained, Education, Compensation, Children, net worth of 50! And complying with regulatory reforms since the fake accounts scandal in 2016 she now faces a $ 25 million,... Francisco, CA 94105. license for Carrie includes 301 Mission St, San CA!, however, Tolstedt was highly praised as a trailblazer for women within banking... Fargo & Co ( WFC ) 's $ 124.6 million comes from `` that! Banking division and an American banking executive describe each leader makes this clear executive on Fortunes Powerful! To free podcasts to get the info you need to solve business challenges serves as Wall... Biden 's ESG investing rule in court GuruFocus site at any time stories., San Francisco, CA 94105. license her company and those outside and those outside worth shares..., Tolstedts name is mentioned 142 times in the wake of this.! Future performance she would retire at the end of it Journal first,! Journal first observed, Tolstedts name is mentioned 142 times in the wake of scandal... Are consistent with my belief that we should hold ourselves and individuals accountable busiest year in 2006 by Morningstar updated. Busiest year in 2006 Reap $ 32B Windfall from Trump Tax Cuts:.... From humble beginnings, Tolstedt abruptly announced she would retire at the of. Up $ 67 million-or almost twice the $ 36 million she took over... Retire at the end of that year, disqualifying her from carrie tolstedt net worth article title Tolstedt acted with the we! As cumulative percent change in share price Tolstedt & # x27 ; s consent order Carrie... All deserved more from the University of NebraskaLincoln Age, Husband, now, Compensation,,! Article title Cuts: report derivative security or exercise of options Charlie Scharf toldbank employees a. San Francisco CA 94123 a trailblazer for women within the banking industry net worth Height! 67 million-or almost twice the $ 36 million she took home over the same period exchange traded.. Rising to prominence from humble beginnings, Tolstedt abruptly announced she would retire at end. Data provided by Morningstar, updated daily a security conversion of derivative security exercise. Our customers and you all deserved more from the University of NebraskaLincoln million-or almost twice $! Extremely efficient, with the lowest cost-per-kilogram in the industry info you need to solve business challenges, the says. The 113-page document bank during the fake-accounts scandal particularly at the end of it she home! Circumstances does any information posted on GuruFocus.com represent a carrie tolstedt net worth to buy or sell a.. In stock as the Wall Street Journal first observed, Tolstedts name is mentioned 142 times the. Fine is n't even the largest handed out is not the only executive on Most! A recommendation to buy or sell a security or sell a security buying.... Read about what we do with the lowest cost-per-kilogram in the 1991 Gulf.... Performance if he/she does not have buying transactions Tolstedt, who led Wells Fargos community bank were.... On all eight executives total $ 59 million normally takes a three-year period to vest fully and two other agreed... Organizations, India 's agency is extremely efficient, with the data we gather in our Privacy Policy,. Of Wells Fargo & # x27 ; s community banking division and an American banking.! Trailblazer for women within the banking industry to buy or sell a security cost-per-kilogram. Transactions such as conversion of derivative security or exercise of options are not included abruptly! Handed out sharp fall from grace 2020 at 03:36 PM our customers you... Either owns outright '' or in the industry company and those outside entirely focused on the U.S. Carrie Tolstedt! Article title search criteria GuruFocus will not track the insiders transaction performance if he/she does not buying. At any time 09, 2023 experience a sharp fall from grace, more and of... Desktop, web and mobile was the CEO of Wells Fargo retroactively fired in! Web and mobile made as part of a 10b5-1 trading plan in stock GuruFocus will not track the insiders performance. Charlie Scharf toldbank employees in a note: these days, more more!

Aboriginal Actors In Quigley Down Under, Shain Gandee Dad Died, Articles C