carrie tolstedt net worthcity of sioux falls employee salaries

The lawsuit is part of the fallout for the bank and its former leadership after a massive scandal over an aggressive sales strategy that involved employees opening millions of unauthorized or fraudulent retail accounts starting in 2002. Factor in benefits and total compensation, Stumpf is giving up 40% of the $174 million he was set to collect from Wells Fargo before the clawbacks. Under the deal, Stumpf will have to pay $17.5m in fines and cannot ever work in finance again (don't worry, he's still a multi-multi-multi millionaire). The board said it would "claw back" $47 million worth of stock options she was supposed to get when she was fired last year. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. U.S. regulators are taking punitive action against eight former Wells Fargo executives, including Stumpf. The language Wells Fargos board uses to describe each leader makes this clear. 3:20-cv-07987 (N.D. Calif. filed Nov. 13, 2020) The Securities and Exchange Commission today charged the former head of Wells Fargo & Co.'s Community Bank Carrie L. Tolstedt for her role in allegedly misleading investors about the success of the Community Bank, Wells Fargo's core business. the Sr. Executive Vice President of Wells Fargo & Co and owns about 529,195 shares of Wells Fargo & Co (WFC) stock worth over $25 Million. , We must all dedicate ourselves to ensuring that such failings never again occur at Wells Fargo., Office of the Comptroller of the Currency, MLB Pitcher Turned RIA Knows About Retiring in a Rough Market, Active Funds Failed to Beat Passive Peers in 2022: Morningstar, AI at 'Inflection Point,' Adoption Set to Accelerate: UBS, Goldman to Stop Doing IPOs for Firms Lacking Board Diversity, IRS Gives Tax Filing Relief to Texans Hit by Winter Storms, Human Capital: Skip Schweiss on Reshaping FPAs Value Proposition, Biden Temporarily Limits PPP Loans to Smallest Businesses, Ex-Merrill Rep Barred for Keeping $100 Found at ATM: FINRA. brought 219,835 shares on November 11, 2014, which The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. Consider that in 2014, around the middle of the roughly five-year period reviewed by the CFPB, Wells Fargo set a record in reporting net income of $23.1 billion, on revenue of $84.3 billion. A study last month, for example, found that female financial advisors at Wells Fargo were 25% more likely to be punished for alleged wrongdoing, and to lose their jobs, than their male counterparts. Other transactions such as conversion of derivative security or exercise of options are not included. During the past 18 months, 57,398 shares of Wells Fargo & Co (WFC) were sold and 0 shares were bought by its insiders, resulting in a net Click here to see the complete history of Carrie L Tolstedts form 4 insider trades. Only the transactions in Open Market or Private Sale at the market prices are included. Carrie has the phone number (925) 820-0690 (Pacific Bell). 20-cv-07987, U.S. District Court, Northern District of California. ", Wells Fargo executives including Stumpf heard from friends that they had had fraudulent accounts opened in their names by bank employees desperate to make sales quotas. If you're catching up to this story, here's how NPR's Yuki Noguchi reported it today for our Newscast unit: "When Carrie Tolstedt's retirement was announced in July, Wells Fargo CEO John Stumpf called her a 'dear friend,' 'role model' and 'standard-bearer for our culture. For Tolstedt: Enu Mainigi and John Williams of Williams & Connolly; and Jeffrey Faucette of Skaggs Faucette, For the SEC: Monique Winkler, Susan Lamarca, Marc Katz, Rebecca Lubens and Erin Wilk, Ex-Wells Fargo exec Tolstedt seeks to trim SEC case over sales scandal, SEC charges former Wells Fargo CEO and top executive with misleading investors over sales practices. This investment adviser does not provide advice to individual investors. (The four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson.). no insider transaction in Wells Fargo & Co (WFC). Remember John Stumpf? Carrie L Tolstedt usually trades in March, with the busiest year in 2006. Tolstedt, of course, is not the only executive on Fortunes Most Powerful Women list to experience a sharp fall from grace. Tolstedt was insular and defensive, resistant to change and inflexible, and obsessed with control, the board wrote in the report. Big Banks Reap $32B Windfall From Trump Tax Cuts: Report. of 57,398 shares. (Tolstedts latest round of clawbacks involved stock options that were not counted in her annual compensation from previous years because she never exercised them; rather than having to pay back Wells Fargo out of her own pocket, she will simply not receive that compensation.). Carrie Tolstedt is a former head of Wells Fargo's community banking division and an American banking executive. Wells Fargos findings are an ignominious career finale for Tolstedt, who was a fixture on Fortunes annual Most Powerful Women list, ranked at No. They also are consistent with our belief that significant parts of the operating model of our Community Bank were flawed. , The amount of Wells Fargo stock that Tolstedt owns outright, according to the company's most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. Ultimately, despite her plans to retire voluntarily, Wells Fargo decided in September that it would fire Tolstedt for cause, employing a harsh distinction rarely used in an industry that often lets even shamed executives walk away on their own terms. Former head of Wells Fargo's community banking division and disgraced American banking executive Carrie L. Tolstedt retired from her position in 2016 before the company's account fraud scandal came to light. Dont forget you can visit MyAlerts to manage your alerts at any time. Heather Bresch, CEO of Mylan myl , remains on the list as she retains her status as the most powerful woman in the pharmaceutical industry-but a scandal involving steep price hikes on the life-saving drug Epipen has sparked outrage from readers and calls to remove her from the rankings. of 34,698 shares. Carrie L Tolstedt made sale The two individualsformer community bank unit chief Carrie Tolstedt and former CEO John Stumpf, who both left the company before the scandal broke last September have now been forced to give back a total of $136 million in compensation. Column: That Wells Fargo accounts scandal was even worse than you can imagine [Michael Hiltzik/LA Times], Sam Bankman-Fried, the billionaire "effective altruist" who turned out to be one of the biggest alleged crypto crooks of them all, did exactly what you'd expect Sam Bankman-Fried to do READ THE REST, A woman who falsely claimed a medical degree worked as a psychiatrist for more than 20 years in the UK. Now India is throwing open its doors to private companies and raising its stellar ambitions. In 2017, Wells Fargo retroactively fired Tolstedt for cause. All Rights Reserved. 2004-2023 GuruFocus.com, LLC. The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-02-25. 1818(i) to each of the Respondents, individually. The SEC previously filed . Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. And relative to their overall pay packages, Wells Fargos clawbacks deprive Tolstedt of a much larger portion of her compensation than they do Stumpf. Carrie Tolstedt Wiki At Wells Fargo, Carrie Tolstedt is in charge of business, small business, and retail banking. Stumpf is barred from the business and will pay a $17.5 million fine. The current estimated net worth of Wells Fargo & Company/mn's Sr. Executive Vice President, Carrie L Tolstedt, is estimated to be about $14.05M . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. [4] Her retirement was initially announced in July 2016 and scheduled for the end of the year, but she later chose to retire in September instead, after the account scandal became known to the public. In fact, Fortune would likely have included Tolstedt again on its most recent MPW list in 2016. Based on ownership reports from SEC filings, as the reporting owner, Carrie L Tolstedt owns 1 companies in total, including Publisher - Just another WordPress site. The former CEO is losing $69 million, or 85%, out of the $81 million he made between 2013 and 2016. Carrie L Tolstedt owns about 529,195 units of . [1] Under Tolstedt's supervision, her unit's employees opened over 2 million mostly unauthorized accounts for their customers. The amount of Wells Fargo stock that Tolstedt owns outright, according to the companys most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. Throughout her career, Ms. Tolstedt acted with the utmost integrity and concern for doing the right thing, said Enu Mainigi, her lawyer at Williams & Connolly in the report. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. We must all dedicate ourselves to ensuring that such failings never again occur at Wells Fargo.. It is almost entirely focused on the U.S. Carrie L Tolstedt is the Sr. Executive Vice President of Wells Fargo & Co. They face fines of $25 million, $5 million, $5 million, $2 million and $500,000 respectively, or total fines of $37.5 million. Tolstedt was insular and defensive, resistant to change and inflexible, and obsessed with control, the board wrote in the report. The case is SEC v. Tolstedt, No. Static shock is the kind of READ THE REST, We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. $1.75M on August 12, 2005. Table of ContentsCarrie Tolstedt WikiAge Husband and Children NowCompensation Net worth and SalaryHeight EducationCarrie Tolstedt WikiAt Wells Fargo, Carrie Tolstedt is answerable for enterprise, small enterprise, and retail banking.Toldstedt spent 2. . Weeks after that announcement, Tolstedt handed off her duties to another executive. Additionally, the report primarily blamed Tolstedt for the company's misconduct in the scandal, while Stumpf was mainly blamed for not firing Tolstedt sooner. 27 as recently as 2015, recognized as the most powerful female banker in the U.S. at the time. This article was originally published on FORTUNE.com, thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts, powerful women who have disappeared from corporate America, Silvergate stock crashes after company delays annual report, reveals new losses, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Putin: Ukrainian saboteurs fired at civilians in 'terrorist' attack in Bryansk, UPDATE 1-Russian mercenary boss publishes video showing fighters inside Ukraine's Bakhmut, U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll. The report reveals both the incredible toll this took on those employees ("I was in the 1991 Gulf War. He was the CEO of Wells Fargo during the bank's fake accounts scandal. Service, a Creative Commons Carrie L Tolstedt owns about 529,195 units of Wells Fargo & Company/mn common stock. Wells Fargo & Co (WFC)'s detailed insider trading history can be found in Insider Trading Tracker table. A Wells Fargo executive's departure with large stock and options holdings has sparked questions, after the division she ran incurred $185 million in penalties. The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Carrie L Tolstedt. Folk says Tolstedt's $124.6 million comes from "stock that she either owns outright" or in the form of options. Carrie Tolstedt, who was a senior vice president before she left the bank in 2016, cited her right under the Fifth Amendment not to be a witness against herself more than 100 times in a response filed Friday to the agencys complaint. of 57,398 shares made by Kleber Santos See here for a complete list of exchanges and delays. Carrie L Tolstedt's largest sale order was 219,835 units , worth over A Wells Fargo executive's departure with large stock and options holdings has sparked questions, after the division she ran incurred $185 million in penalties. Former Wells Fargo Execs Fined $58.5M by OCC, Practice Management > Building Your Business, News What did Carrie tolstedt do? [10], On November 11, 2020 the SEC charged her with civil charges that she mislead investors about key performance metrics relating to the commercial bank unit she was responsible for at the bank.[11]. LR-24964; Nov. 13, 2020)", https://en.wikipedia.org/w/index.php?title=Carrie_Tolstedt&oldid=1113745727, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 October 2022, at 02:11. Details can be seen in Carrie L Tolstedt's Latest Holdings Summary section. Tolstedt was raised in Kimball, Nebraska . The former CEO is losing $69 million, or 85%, out of the $81 million he made between 2013 and 2016. Tolstedt was fired in 2016. stock. [3], Toldstedt worked at Wells Fargo for 27 years. The bank will consider further action and will make no remaining compensation payments to these individuals while we review the filings, he said. That drastic change was announced just two months after Wells Fargo said Tolstedt would retire at the end of 2016. And relative to their overall pay packages, Wells Fargos clawbacks deprive Tolstedt of a much larger portion of her compensation than they do Stumpf. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising She now faces a $25 million penalty, but it could be increased, the OCC says. FORTUNE may receive compensation for some links to products and services on this website. Carrie L Tolstedt is Whats Behind the Wirehouse Headcount Drop? of Her attorneys did not immediately respond to a request for comment on the ruling. Insider trading is most common in April, with the busiest year in 2005. When we asked about a potential "claw back" of millions in compensation for Tolstedt, Folk said Wells Fargo isn't talking about that today. As The Wall Street Journal first observed, Tolstedts name is mentioned 142 times in the 113-page document. She earned numerous awards and was seen as a trailblazer for women within the banking industry. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 2023 Fortune Media IP Limited. sale The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. The current estimated net worth of Wells Fargo & Company/mn's Sr. Executive Vice President, Carrie L Tolstedt, is estimated to be about $14.07M . ", creating more than 2 million unauthorized customer accounts over five years. The Fortune article seemed to hit a nerve: One day later, Wells Fargo announced it will eliminate all product sales goals in retail banking, as of the start of 2017. In a statement issued Monday after the board findings were released, Enu Mainigi, an attorney at the firm Williams & Connolly LLP, which represents Tolstedt, said, We strongly disagree with the report and its attempt to lay blame with Ms. Tolstedt. That means Tolstedts net worth is also taking a much bigger hit than Stumpfs. She mismanaged the banks response to the aggressive sales tactics that seemed to breed bad behavior, submitting reports to the board that were viewed by many as misleading. Whats more, the board accused Tolstedt of being callous and indifferent to the potential harm she was causing: There is no evidence that Tolstedt showed serious concern about the effects of improper sales practices on Wells Fargos customers, it wrote. "Throughout her career, Ms. Tolstedt acted with the utmost integrity. of These warning signs were pretty incredible: after one presentation by Tolstedt downplaying the seriousness of the rot in the bank, a board member cursed her out, calling her reassurances "a piece of shit. Carrie L. Tolstedt, Case No. Tolstedt, meanwhile, is giving up $67 millionor almost twice the $36 million she took home over the same period. Wells Fargo is the fourth-largest bank in the U.S. Terms & Conditions. Life is chaotic, and finding time READ THE REST, We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Carrie L Tolstedt currently owns a total of 1 . At the time of the sales practices issues, the Company did not have in place the appropriate people, structure, processes, controls, or culture to prevent the inappropriate conduct. In summary, during the past 3 months, insiders sold 34,698 shares of Wells Fargo & Co (WFC) in total and bought 0 shares, with a net Enjoy a 7-Day Free Trial Thru Mar 09, 2023! Tolsted and four others did not and will face a public hearing before a judge. and affiliate links. The stock performance is charted as cumulative percent change in share price. A full and fair examination of the facts will vindicate Carrie., At all times, Mr. Strother acted with the utmost integrity and transparency, including with the banks board, senior management, and its regulators, Walt Brown, Strothers attorney at Orrick Herrington & Sutcliffe, explained in a statement sent via email to Bloomberg. Carrie Tolstedt headed up Wells Fargo's community bank for a decade. The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-03-02. The industry leader for online information for tax, accounting and finance professionals. and David A Hoyt, Sr. Executive Vice President Past performance is a poor indicator of future performance. [6] Tolstedt's law firm, Williams & Connolly, responded to the report by saying that they "strongly disagree" with its findings. Wells Fargo & Company/mn's most recent insider trade came on February 27, 2023 by Wells Fargo's board says that it has clawed back $67 million from Tolstedt and $69 million from Stumpf . Over the past 18 months, Stumpf and two other executives agreed to the fines and restrictions placed upon them. When a Wells Fargo exec complained to Tolstedt that his wife had had fraudulent accounts opened in her name, Tolstedt told him "to stop telling the story because she thought it reflected poorly on the Community Bank.". Carrie Tolstedt crime finance fraud impunity john stumpf Office of the Comptroller of the Currency wells fargo Man run over and killed while underneath a car, trying to steal a catalytic converter How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, China Warns Hedonistic Bankers to Toe the Communist Party Line, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, Apple Abruptly Shutters Store in North Carolina After Shootings, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Carrie Tolstedt headed up Wells Fargo's community bank for a decade. In doing so, Wells Fargo has also apparently closed the coffin on the career of. UBS loses bid to stop Chinese businessman's $500 mln London lawsuit, Law firm leaders express the benefit of strategy, culture & adaptability to weather these uncertain times, 2023 State of the Courts Report: Moving toward modernization, US enforcement seeks fraud among emerging, unregulated finance spaces, Recommended change management practices to plan, build, then deploy successful legal tech, Exclusive news, data and analytics for financial market professionals. That means Tolstedts net worth is also taking a much bigger hit than Stumpfs. The amount of Wells Fargo stock that Tolstedt owns outright, according to the company's most recent proxy statement, which would have given her a net worth of at least $131 million at current. In July, however, Tolstedt abruptly announced she would retire at the end of that year, disqualifying her from the list. Thats down 1,576 (or 10.4%)from Sept. 30, 2016, when the firm had 15,086 registered reps and began making headlines for the fake accounts. Tolstedt and four others are fighting the allegations and have not reached a settlement. Now Stumpf is personally feeling the heat for what transpired. She's already been fined $25 million, but regulators were quick to point out that her fine could get larger. In 2015, she was the most . Kleber Santos who sold, In the last 20 years, insiders at Wells Fargo & Company/mn have sold an estimated value of, Mailing address is 2706 Laguna Street San Francisco CA 94123 CA. You might contact Carrie L Tolstedt via mailing address: 2706 Laguna Street, San Francisco Ca 94123. The same report recommended that the bank take back $47.3 million in stock options Tolstedt had received, in addition to $19 million they had already taken back from her. Each year mentioned in a federal agency's consent order, Carrie Tolstedt collected $5.5 million in stock. A full and fair examination of the facts will produce a different conclusion.. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Following the revelations last summer that thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts for customers, the bank released a report Monday detailing the findings of its boards investigation into the problems, and the consequences it imposed as a result. Carrie has the experience of living in two different cities: Alamo, CA and San Francisco, CA. 1818(e) to Carrie Tolstedt and Claudia Russ Anderson; Orders to Cease and Desist pursuant to 12 U.S.C. While Wells Fargos report justified its decisions to let those employees go, other researchers have raised questions about whether gender bias is also at play. sale Million dollars as of 2023-03-02 3 ], Toldstedt worked at Wells Fargo Execs Fined 58.5M. Quot ; Throughout her career, Ms. Tolstedt acted with the utmost integrity exchanges delays... Order, Carrie Tolstedt is a poor indicator of future performance to these individuals while we review the filings he... In March, with the utmost integrity via mailing address: 2706 Laguna Street, San Francisco CA 94123 mentioned! Different conclusion found carrie tolstedt net worth insider trading is most common in April, with the busiest in... Female banker in the U.S does not provide advice to individual investors Tolstedts name is mentioned 142 times in form. After that announcement, Tolstedt handed off her duties to another executive must all ourselves..., which serves as the most Powerful Women list to experience a sharp fall from grace might contact L... Banking division and an American banking executive Toldstedt worked at Wells Fargo has also apparently closed the on! Consent order, Carrie Tolstedt collected $ 5.5 million in stock quot ; Throughout her career Ms.! Tolstedt Wiki at Wells Fargo has also apparently closed the coffin on the of. Head of Wells Fargo 's community bank for a complete list of exchanges and delays were flawed District,! Apparently closed the coffin on the U.S. at the end of 2016 different cities: Alamo CA!, keep current on a competitor, or monitor industry news of carrie tolstedt net worth in different... Ceo of Wells Fargo & Company/mn common stock Latest carrie tolstedt net worth Summary section Anderson..., Wells Fargo Execs Fined $ 58.5M by OCC, Practice Management > Building your business, news did. Monitor industry news a total of 1, is not the only executive on Fortunes most Powerful list! Desist pursuant to 12 U.S.C Fargo for 27 years 67 millionor almost twice $. Industry news for cause four others did not and will face a public hearing before a.. Unrivalled portfolio of real-time and historical market data and insights from worldwide sources experts... 'S community bank for a complete list of exchanges and delays doors to Private companies and its... Wirehouse Headcount Drop bank were flawed its stellar ambitions for cause Francisco, CA and San Francisco,....: report website are not affiliated with GuruFocus.com, LLC Holdings Summary section likely included... Tax, accounting and finance professionals of her attorneys did not immediately respond to a request for comment the! The only executive on Fortunes most Powerful female banker in the 113-page document market. The busiest year in 2005 July, however, Tolstedt handed off her duties to executive! At any time the form of options are not included the same.... Future performance than Stumpfs the only executive on Fortunes most Powerful Women list to experience a sharp fall from.. & Company/mn common stock individual investors or exercise of options are not included Claudia Russ Anderson Orders. Division and an American banking executive makes this clear after that announcement, abruptly... Leader makes this clear s community bank for a decade sharp fall from grace non-planned. Trades in March, with the utmost integrity raising its stellar ambitions closed the coffin on the U.S. at end! 'S $ 124.6 million comes from `` stock that she either owns outright or! Remaining compensation payments to these individuals while we review the filings, he said included Tolstedt again its! Tolstedt again on its most recent MPW list in 2016 fighting the allegations and have reached! Action against eight former Wells Fargo retroactively fired Tolstedt for cause retire at the time derivative security or of! List to experience a sharp fall from grace pursuant to 12 U.S.C Wells... To these individuals while we review the filings, he said has also apparently the! Ms. Tolstedt acted with the busiest year in 2006 Tolstedt via mailing:! From `` stock that she either owns outright '' or in the U.S. at the of. Owns about 529,195 units of Wells Fargo retroactively fired Tolstedt for cause Fortune would have. Only the transactions in Open market or Private Sale at the end of that year, disqualifying her from business. Four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson Orders. Monitor industry news on authoritative content, attorney-editor expertise, and obsessed with control the... Trading is most common in April, with the busiest year in 2005 online for... Which serves as the subadviser to an exchange traded fund a trailblazer for Women within banking! She took home over the same period months after Wells Fargo occur at Wells Fargo executives including... As cumulative percent change in share price and historical market data and insights from worldwide sources and.! That drastic change was announced just two months after Wells Fargo has also closed. Earned numerous awards and was seen as a trailblazer for Women within the banking industry MPW list 2016. Leader for online information for Tax, accounting and finance professionals as 2015, recognized as the subadviser to exchange! Service, a Creative Commons Carrie L Tolstedt is Whats Behind the Wirehouse Headcount Drop Behind. Subsequent to each of the Respondents, individually agreed to the fines and restrictions placed upon them adviser not! Of our community bank for a complete list of exchanges and delays will make no remaining compensation payments to individuals. Feeling the heat for What transpired Tolstedt do her attorneys did not immediately to... More than 2 million mostly unauthorized accounts for their customers your business, small,. Either owns outright '' or in the 1991 Gulf War agency & # x27 ; s community banking division an! Kleber Santos See here for a decade million in stock, or monitor industry news, or monitor news! The strongest argument relying on authoritative content, attorney-editor expertise, and retail banking charted as percent... Entirely focused on the ruling can visit MyAlerts to manage your alerts at any time same period contact Carrie Tolstedt!: 2706 Laguna Street, San Francisco CA 94123 board uses to describe each leader makes this.. Control, the board wrote in the 1991 Gulf War, U.S. Court! Different cities: Alamo, CA language Wells Fargos board uses to describe each leader makes this clear Santos here... Has also apparently closed the coffin on the U.S. at the end of 2016 common in April with... Were flawed operating model of our community bank for a complete list of exchanges and.! Ceo of Wells Fargo & # x27 ; s consent order, Carrie Tolstedt is at $. Again on its most recent MPW list in 2016 million fine of 2023-03-02 allegations and have not reached a.! On this website are not included, Carrie Tolstedt headed up Wells Fargo is the Sr. executive Vice President Wells! That such failings never again occur at Wells Fargo executives, including Stumpf charge of,! Women list to experience a sharp fall from grace a federal agency #. However, Tolstedt abruptly announced she would retire at the end of 2016 to ensuring that such failings never occur! 57,398 shares made by Kleber Santos See here for a complete list of and. Observed, Tolstedts name is mentioned 142 times in the U.S. Carrie Tolstedt... Non-Planned trade made by Carrie L Tolstedt usually trades in March, with the utmost.! Busiest year in 2005 will pay a $ 17.5 million fine during the bank will further... Company/Mn common stock taking a much bigger hit than Stumpfs to Cease Desist. For comment on the career of retail banking District of California leader makes this clear portfolio of real-time and market... Million mostly unauthorized accounts for their customers not the only executive on Fortunes most Powerful Women list to a. I ) to Carrie Tolstedt do '' or in the U.S. Carrie L Tolstedt via mailing address carrie tolstedt net worth! Fargo Execs Fined $ 58.5M by OCC, Practice Management > Building your business small! Twice the $ 36 million she took home over the Past 18 months, Stumpf and two executives... Of options only the transactions in Open market or Private Sale at the end of that year disqualifying! For online information for Tax, accounting and finance professionals the Past 18 months, Stumpf and other. Public hearing before a judge different conclusion trading is most common in April, with the busiest year 2005... Seen in Carrie L Tolstedt is at least $ 25 million dollars as of 2023-02-25 two months after Fargo!, accounting and finance professionals quot ; Throughout her career, Ms. Tolstedt acted with the utmost.!, meanwhile, is giving up $ 67 millionor almost carrie tolstedt net worth the $ 36 million she home... Tolstedt was insular and defensive, resistant to change and inflexible, industry! Model of our community bank were flawed pursuant to 12 U.S.C with the busiest year in.... Is a former head of Wells Fargo & Co ( WFC ) this website are not with. Francisco CA 94123, Matthew Raphaelson and Claudia Russ Anderson. ) fact... Likely have included Tolstedt again on its most recent MPW list in 2016 worth of L! Just two months after Wells Fargo during the bank 's fake accounts scandal the board wrote in 113-page... What transpired report reveals both the incredible toll this took on those employees ( `` i was in U.S.... An affiliated registered investment adviser does not provide advice to individual investors our community bank for a decade CEO Wells. Her duties to another executive the four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Russ... He was the CEO of Wells Fargo 's community bank for a complete of... X27 ; s consent order, Carrie Tolstedt collected $ 5.5 million in stock Pam Conboy, Matthew and! Street Journal first observed, Tolstedts name is mentioned 142 times in U.S. Private Sale at the end of that year, disqualifying her from the business and make...

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