Wells Fargo's ex-CEO quits Target, Chevron boards

A week after suddenly resigning from Wells Fargo, embattled former CEO John Stumpf stepped down from the boards of Target and Chevron.

Last year, he earned $400,000 from Chevron and $275,000 in fees and stock awards from Target.

Stumpf, who last month forfeited $41 million in stock awards at Wells Fargo, is said to have left the company with $130 million in shares and other payouts he accumulated during his three decades with the bank.

Wells Fargo is under investigation by the U.S. Congress and the Department of Justice for its phony accounts scandal.

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