1. Breaking News – Wells Fargo’s Board Members Re-Elected at Annual Meeting

    Breaking News – Wells Fargo’s Board Members Re-Elected at Annual Meeting

    After what has been described as a "contentious" Annual Meeting today, the Shareholders of Wells Fargo (NYSE: WFC) narrowly re-appointed the bank’s board of directors.  Every board member on the ballot received support from at least 53% of the votes which were cast.  Wells Fargo’s board guidelines call for directors to resign if they fail to win support from the majority of the votes cast.  Nevertheless, many corporate governance experts believe that if a director receives less than 80% support, they should consider resigning from the board.  

    Today's vote begs the question -- what would it have taken ...

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