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Chaos Erupts at Wells Fargo Meeting
The Wells Fargo annual meeting in Florida got ‘somewhat steamy’ when one of the shareholders, identified as Bruce Marks, got up and demanded that board members tell investors what they knew about the sales scandal and when they knew about it.
“Let them speak! Let them speak! Or are they just mouthpieces for the executives who allowed these predatory practices to occur?”
Board Chairman Stephen Sanger responded by telling Mr. Marks he was “out of order” and asked him to sit down and wait for the Q&A session to make his request. Marks, however, continued to rant and rave for the next 10 minutes.
“Wells Fargo has been out of order for years, and your response is, ‘Well, we’re sorry,’” Marks yelled. “Well, that’s not good enough!”
Sanger then recessed the meeting briefly while he kicked out Marks.
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