1. California Treasurer Calls for Ouster of Key Wells Fargo Director

    California Treasurer Calls for Ouster of Key Wells Fargo Director

    "As a member of the corporate responsibility committee, Hernandez is not only ... He has come under fire from corporate - governance experts because ...

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    1. Given the avalanche of mistakes, scandals and problems that have come out of Wells Fargo in the last year, it is clear to me that Hernandez has been a negligent leader and ineffective steward.
    2. As a member of the corporate responsibility committee, Hernandez is not only charged with protecting Wells Fargo's reputation but, more importantly, the trust between the bank and the customers it serves.
    3. Whether his silence and failure to act were driven by a desire to not make waves for an important client of the security firm in which he is CEO, I will not speculate.
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