Wells Fargo CEO forfeits $41M

Posted online September 28, 2016 | 11:23 am

Wells Fargo CEO John Stumpf is forfeiting much of 2016 salary as the company launches a probe into its phony accounts scandal.

The forfeiture includes his bonus and $41 million in stock awards.

The company also announced Carrie Tolstedt, who headed the division that created the fake accounts, left the company ahead of her scheduled retirement by year's end.

Read more from CNNMoney.

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