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Wells Fargo axes 2016 cash bonuses for top execs

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Wells Fargo cut 2016 cash bonuses to CEO Tim Sloan and seven other top executives.

The decision covers positions ranging from chief financial officer to general counsel and chief risk officer.

The executive also are seeing a 50 percent reduction in the performance share equity awards they received in 2014 and that vested last year.

Read more from USA Today.


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