Wells Fargo Fraud: Oregon State Treasury To Press For Major Changes
September 30, 2016
Oregon State Treasury said on Thursday that it will press Wells Fargo & Co to make reforms in its management structure and executive compensation in light of a sales scandal that has become a major issue in Washington and on Wall Street.
State Treasurer Ted Wheeler said that Oregon trust funds, which have holdings of $1.14 billion with the San Francisco-based bank, will push for better accountability by separating the roles of board chairman and chief executive.