1. Articles from ByBradley Keoun

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    1. Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

      Wells Fargo Director Hernandez to Exit After Scandal, Maintains Side Deals

      Wells Fargo & Co. ( WFC ) director Enrique Hernandez Jr. will step down from the company's board in April, following the costliest scandal in the U.S. bank's corporate history and an order by the Federal Reserve to improve risk-management and oversight. But Hernandez, the 62-year-old majority owner of a private-security company he took over from his father, could keep getting riches from his board tenure long after he's gone...

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    2. In Wells Fargo's Board `Refreshment,' There Are No Spa Treatments

      In Wells Fargo's Board `Refreshment,' There Are No Spa Treatments

      "To use the term refreshment is to suggest that this is just business as usual," Nell Minow, vice chair of consultant ValueEdge Advisors, which counsels big investors on corporate governance , said in a telephone interview. "But it's really a euphemism to make it sound like they're just fluffing up the pillows ...

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    3. Wells Fargo Spanked By Fed After Board Gives Itself Whitewash

      Wells Fargo Spanked By Fed After Board Gives Itself Whitewash

      The bank all but declared victory, highlighting its "strong actions" to improve corporate governance . But for federal banking regulators, it wasn't enough. On Friday, Wells Fargo announced additional sanctions imposed by the Federal Reserve that include replacing four more directors and an agreement ...

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