carrie tolstedt net worth

As for the size of Tolstedt's holdings, Folk noted that she was at the company for nearly 30 years. Carrie L Tolstedt made As The Wall Street Journal first observed, Tolstedts name is mentioned 142 times in the 113-page document. Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. Carrie has the phone number (925) 820-0690 (Pacific Bell). The OCC didn't just penalize Stumpf: it has pending cases against most of Wells Fargo's C-suite during the relevant years, and it has published a 100-page report on its investigations, including first-person accounts from bank personnel who were pressured to commit fraud on penalty of losing their jobs and having their names fraudulently entered into an industry-wide blacklist of bank employees who had been caught committing illegal acts. She earned numerous awards and was seen as a trailblazer for women within the banking industry. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. Stumpf's fine isn't even the largest handed out. 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. Tolstedt, meanwhile, is giving up $67 millionor almost twice the $36 million she took home over the same period. Sr. Executive Vice President Bei Ling Wells Fargo retroactively fired Tolstedt in 2017 for a reason. But while Tolstedts total clawbacks, at $67 million, are slightly less than the $69 million that Stumpf lost, there is no question that she is the one painted as the true villain in the boards report. sites. While Stumpf's nest. Former Wells Fargo Execs Fined $58.5M by OCC, Practice Management > Building Your Business, News 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. We must all dedicate ourselves to ensuring that such failings never again occur at Wells Fargo.. But while Tolstedts total clawbacks, at $67 million, are slightly less than the $69 million that Stumpf lost, there is no question that she is the one painted as the true villain in the boards report. India is one of only a handful of nations that have sent probes to the moon and Mars. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In 2015, she was the most . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo,[1] from which she retired in 2016 before the company's account fraud scandal came to light. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Carrie Tolstedt is a former head of Wells Fargo's community banking division and an American banking executive. and affiliate links. Carrie L Tolstedt owns about 529,195 units of Wells Fargo & Company/mn common stock. See A Timeline of the Wells Fargo Scandals. 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Reach her at jody.godoy@thomsonreuters.com. 1818(b) to James Strother, David Julian, and Paul McLinko; and Orders Assessing a Civil Money Penalty pursuant to 12 U.S.C. Not a "thing". Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 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. Tolsted and four others did not and will face a public hearing before a judge. In dollar terms, that inquiry proved very costly to former Wells Fargo wfc CEO John Stumpf, who will give up another $28 million of past compensation in addition to a previously announced $41 million clawback, as well as Tolstedt, who will relinquish $47 million more of her pay on top of the $19 million that was already revoked. Weeks after that announcement, Tolstedt handed off her duties to another executive. Her bank fired some 5,300 employees for acting "counter to our values." That stock normally takes a three-year period to vest fully. 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 a net and bought an estimated value of $1.12B worth of shares. 1818(e) to Carrie Tolstedt and Claudia Russ Anderson; Orders to Cease and Desist pursuant to 12 U.S.C. Tolstedt, on the other hand, is losing 54% of the $125 million pay package she was originally entitled to when she retired. 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. , Carrie L Tolstedt, Sr. Executive Vice President, "How Wells Fargo's Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain", "The hard fall of Wells Fargo's Carrie Tolstedt", "Report: Ex-Nebraskan bears brunt of responsibility for Wells Fargo scandal", "Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million", "Wells Fargo fake accounts head could still walk with $77 million", "Wells Fargo board slams former CEO Stumpf and Tolstedt, claws back $75 million", "Former Wells Fargo execs under criminal investigation report", "Former Wells Fargo CEO Hit with $17.5 Million Fine, Barred from Banking Industry", "Three years on, the Wells Fargo scandal is still breathtaking", "Carrie L. Tolstedt (Release No. Submit a correction suggestion and help us fix it! Stumpf, on the other hand, is still worth at least $132 million, based on his current stock holdings, though its unclear if or how many of those shares he will have to sell in order to return the amount Wells Fargo is clawing back. The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Carrie L Tolstedt. In doing so, Wells Fargo has also apparently closed the coffin on the career of Carrie L. Tolstedt, who was prized as a superstar female leader before the bank fired her last year. Whats Behind the Wirehouse Headcount Drop? Tolstedt was fired for cause by Wells Fargo in 2017. For example, if an insider trade was made on . Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. . brought [1], As of early January, 2020, multiple former Wells Fargo executives are facing possible criminal charges and could be indicted in early 2020. That means Tolstedts net worth is also taking a much bigger hit than Stumpfs. Tolstedt and four others are fighting the allegations and have not reached a settlement. . In fact, Fortune would likely have included Tolstedt again on its most recent MPW list in 2016. Explainer: Can Republicans topple Biden's ESG investing rule in court? Former CEO Stumpf, who resigned in October, is referenced only 81 times. The board said it would "claw back" $47 million worth of stock options she was supposed to get when she was fired last year. Tolstedt was fired in 2016. Now Stumpf is personally feeling the heat for what transpired. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. Tolstedt, Anderson and three other former bank leaders ex-General Counsel Jim Strother, ex-Chief Auditor David Julian and ex-Audit Director Paul McLinko are set to go before an administrative law judge during a public hearing, Bloomberg reported. That means Tolstedts net worth is also taking a much bigger hit than Stumpfs. That outcome seems to have disproportionately fallen on women as a result of Wells Fargos fake account scandal: Besides Tolstedt, Wells Fargo also terminated four other executives for cause in February, three of whom were women, the board said in its report. Meanwhile, the board could find nothing worse to say about Stumpf than that he was by nature an optimistic executive who nonetheless moved too slowly to address the management issue., Tolstedt, on the advice of counsel, declined to participate in or be interviewed for the Wells Fargo internal report. Sam Bankman-Fried hit delete instead. Read the rules you agree to by using this website in our Terms The misconduct of these individuals allowed the practices to continue for years, affecting millions of bank customers and thousands of lower level bank employees, it said, adding that ex-community banking risk officer Claudia Russ Anderson made false and misleading statements to the OCC and actively obstructed the OCCs examinations of the banks sales practices.. [6] Tolstedt's law firm, Williams & Connolly, responded to the report by saying that they "strongly disagree" with its findings. Sr. Executive Vice President Kyle G Hranicky 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.". #N20-001 Dont forget you can visit MyAlerts to manage your alerts at any time. stock. of 34,698 shares. Wells Fargo will claw back an additional $75 million from two former executives implicated in the banks phony accounts scandal. no insider transaction in Wells Fargo & Co (WFC). Tolstedt, of course, is not the only executive on Fortunes Most Powerful Women list to experience a sharp fall from grace. Boing Boing uses cookies and analytics trackers, and is supported by advertising, merchandise Chief among them is Carrie Tolstedt, who as head of the Wells Fargo community bank division allegedly oversaw the conditions that led to the scandal. Wells Fargo & Company/mn's most recent insider trade came on February 27, 2023 by The bank's internal report pinned much of . 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 (The four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson.). 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. Termination for cause, after all, generally dictates forfeiture of valuable severance packages. GuruFocus.com is not operated by a broker or a dealer. 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. Former Wells Fargo CEO John Stumpf Is Still Earning Almost $650,000 A Year From Other Companies, Outed Wells Fargo CEO Sold Millions In Company Stock In Advance Of Fraud Revelations, Wells Fargo Continues To Seize Millions From Executives. A former Wells Fargo & Co. top executive allegedly at the center of the companys fake accounts scandal is asserting her constitutional right against self-incrimination to push back against claims by the Securities Exchange Commission that she misled investors. The biggest fine for the former bank execs affectsCarrie Tolstedt, who led Wells Fargos community bank during the fake-accounts scandal. Marissa Mayer, the outgoing CEO of Yahoo (YHOO), fell off last years list after she was forced to sell her company to Verizon (VZ) when she could not execute an effective turnaround of its advertising business. The bank recently was fined $185 million and fired 5,300 employees for unethical behavior. Carrie L. Tolstedt, Case No. The economy and markets are "under surveillance". 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. The OCCs actions are consistent with my belief that we should hold ourselves and individuals accountable. 1818(i) to each of the Respondents, individually. [2] The report mentioned Tolstedt's name 142 times, whereas former Wells Fargo CEO John Stumpf was named only 81 times. 0 transactions in Wells Fargo & Co (WFC) over the past 5 years. Carrie Tolstedt headed up Wells Fargo's community bank for a decade. sale According to the SEC, Tolstedt profited in November 2014 when she sold more than $11.8 million worth of Wells Fargo stock. Carrie Tolstedt Net Worth Carrie Tolstedt has an estimated net worth of about $22 million. Read about what we do with the data we gather in our Privacy Policy. Carrie has the experience of living in two different cities: Alamo, CA and San Francisco, CA. FORTUNE may receive compensation for some links to products and services on this website. 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. When we asked about a potential "claw back" of millions in compensation for Tolstedt, Folk said Wells Fargo isn't talking about that today. 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. What Is Carrie Tolstedt Doing Now? The most-recent trade in Wells Fargo & Co is the And its Tolstedt, who led the community banking division responsible for the fake accounts, who is blamed in the report for the lions share of misconduct, while Stumpf is largely faulted only for failing to fire Tolstedt sooner. The Office of the Comptroller of the Currency issued fines of $37.5 million against five former Wells Fargo executives and reached settlements of $21 million with ex-Chairman and CEO John Stumpf and several other former members of the banks operating committee. 20-cv-07987, U.S. District Court, Northern District of California. 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. But the magazine also spoke to a banking reform advocate who asked about claw-back policies: "If they don't apply here, when will they apply? The industry leader for online information for tax, accounting and finance professionals. of 57,398 shares made by Kleber Santos You might contact Carrie L Tolstedt via mailing address: 2706 Laguna Street, San Francisco Ca 94123. See here for a complete list of exchanges and delays. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. All quotes delayed a minimum of 15 minutes. Tolstedt had argued in February that Section 17(a) of the Securities Act, which prohibits fraud and misleading statements "in the offer or sale of any securities," only applied to misstatements in specific transactions, not her comments at an investor event or her sign-off on the bank's SEC filings. Only the transactions in Open Market or Private Sale at the market prices are included. The fines levied on all eight executives total $59 million. In the last 13 years at Wells Fargo & Company/mn, Carrie L Tolstedt has sold an estimated value of $156.32M worth. 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. Carrie L. Tolstedt is a former American banking executive and the former head of Wells Fargo's community banking division, from which she retired in 2016 before the company's account fraud scandal became public. (The four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson.). Click here to see the complete history of Carrie L Tolstedts form 4 insider trades. Tolstedt's unit accounted for around $14 billion of that year's net income. 27 as recently as 2015, recognized as the most powerful female banker in the U.S. at the time. Carrie Tolstedt Wiki At Wells Fargo, Carrie Tolstedt is in charge of business, small business, and retail banking. [6] This brought the total amount of money she had given up to $67 million, or about 54% of her $125 million pay package she initially received when she retired. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The settlements include $575 million to 50 states attorney generals, $480 million to the bank's shareholders, $185 million to the Consumer Financial Protection Bureau, and $142 million in a customer class action lawsuit. In total, Carrie L Tolstedt has made about 180 transactions over 13 years of their time at Wells Fargo & Company/mn. Jody Godoy reports on banking and securities law. 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. articles a month for anyone to read, even non-subscribers! Home; News; View FREE Public Profile & Reputation for Carrie Tolstedt in Canton, OH - See Court Records | Photos | Address, Emails & Phone Number | 2 Personal Reviews | Income & Net Worth Meanwhile, the board could find nothing worse to say about Stumpf than that he was by nature an optimistic executive who nonetheless moved too slowly to address the management issue., Tolstedt, on the advice of counsel, declined to participate in or be interviewed for the Wells Fargo internal report. Folk says Tolstedt's $124.6 million comes from "stock that she either owns outright" or in the form of options. he's still a multi-multi-multi millionaire, Column: That Wells Fargo accounts scandal was even worse than you can imagine, Office of the Comptroller of the Currency. The former CEO is losing $69 million, or 85%, out of the $81 million he made between 2013 and 2016. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. It has been restructuring and complying with regulatory reforms since the fake accounts scandal in 2016. Tolstedt, meanwhile, is giving up $67 million-or almost twice the $36 million she took home over the same period. 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. Heather Bresch, CEO of Mylan (MYL), remains on the list as she retains her status as the most powerful woman in the pharmaceutical industrybut 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. She noted that the U.S. Supreme Court has called the Fifth Amendment a right to protect the innocent., Carrie Tolstedt accuses SEC of mischaracterizing statements, Tolstedt asserts Fifth Amendment over 100 times in response. 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. She was a top booster of the. How Wells Fargo's Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain Wells Fargo will claw back an additional $75 million from two former executives implicated in the bank's. In July, however, Tolstedt abruptly announced she would retire at the end of that year, disqualifying her from the list. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Tolstedt was insular and defensive, resistant to change and inflexible, and obsessed with control, the board wrote in the report. In fact, Fortune would likely have included Tolstedt again on its most recent MPW list in 2016. They also are consistent with our belief that significant parts of the operating model of our Community Bank were flawed. [7], On January 23, 2020, OCC regulators announced an additional $25-million fine against Tolstedt for her role during the fraud, an amount they state could rise higher. 219,835 shares on November 11, 2014, which and David A Hoyt, Sr. Executive Vice President The Company is different today, but we know we still have significant work to do to regain the trust of all stakeholders , the executive explained. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Tolstedt was insular and defensive, resistant to change and inflexible, and obsessed with control, the board wrote in the report. 2004-2023 GuruFocus.com, LLC. Our Standards: The Thomson Reuters Trust Principles. He has a net . "Throughout her career, Ms. Tolstedt acted with the utmost integrity. Public records show that the phone number (925) 820-0690 is linked to Dennis C Peterson, Brad T Tolstedt, Brad L . Carrie Tolstedt's Compensation and Net Worth The former bank executive was paid very well during her lengthy employment, and it's no wonder why Carrie Tolstedt's house is a lavish mansion in California. The actions announced by the OCC today reinforce the agencys expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations, Comptroller of the Currency Joseph Otting said in a statement. 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. 2023 Celebrity Net Worth / All Rights Reserved. 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. 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. As the Fortune piece notes, Tolstedt wasn't singled out in the CFPB's actions, and it's not clear what if any involvement she had with her unit's use of the tactic of creating fake accounts to trigger incentive bonuses. I immediately developed a thing for Carrie Tolstedt. Share & Print. of 57,398 shares. sale designed to provide a means for us to earn fees by linking to Amazon.com and affiliated [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]. 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. Above is the net worth, insider trading, and ownership report for Carrie L Tolstedt. Advisor Case Studies: Navigating By Your Values. 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. The way Carrie Tolstedt told it, she caught the banking bug early when she was a child in a small Nebraska town. While a couple of Fortune MPW alumni have reclaimed their spots on the list after switching from one Fortune 500 company to another, Tolstedt, after being so vilified by Wells Fargo, seems destined for a legacy among the ranks of powerful women who have disappeared from corporate America for good. Ex-US congressman 'abused trust' to trade before mergers, prosecutor says, Genentech sues Biogen for royalties on blockbuster MS drug, U.S. Congress votes to block ESG investing, Biden veto expected, Trump-backed SPAC Digital World to appeal Nasdaq delisting notice. The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-02-25. Basically, Wells Fargo created millions of fake bank accounts for existing customers (that the customers didn't know about) to meet unrealistic sales quotas. Wells Fargo last year fired Carrie Tolstedt, formerly the head of its community banking business, and revoked about $66 million in pay and stock awards. And relative to their overall pay packages, Wells Fargos clawbacks deprive Tolstedt of a much larger portion of her compensation than they do Stumpf. 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 Sr. Executive Vice President of Wells Fargo & Co and owns about 529,195 shares of Wells Fargo & Co (WFC) stock worth over $25 Million. All Rights Reserved. These days, more and more of READ THE REST. Kleber Santos who sold 34,698 units worth Other recent insider transactions involving Wells Fargo & Co (WFC) include [4][5], In April 2017, Wells Fargo's board of directors released a report on the account fraud scandal accusing Tolstedt of downplaying problems at Wells Fargo's banks. Tolstedt grew up in Kimball, Nebraska, where she says she first became interested in banking from following her father, a baker, to the local bank after work. As The Wall Street Journal first observed, Tolstedts name is mentioned 142 times in the 113-page document. Resigned in October, is giving up $ 67 millionor almost twice the $ 36 million she took home the... On its most recent MPW list in 2016 and San Francisco, CA,. Change and inflexible, and obsessed with control, the board wrote the! Than Stumpfs fired Tolstedt in 2017 open-market, non-planned trade are trades that not... For tax, accounting and finance professionals that means Tolstedts net worth of Fargo! On its most recent MPW list in 2016 the estimated net worth about! Leader for online information for tax, accounting and finance professionals owns 529,195! Results, Refer a Friend and Earn One Month of Free Membership topple Biden 's ESG investing rule court... Estimated net worth of about $ 22 million visit MyAlerts to manage your alerts at time. Says Tolstedt 's name 142 times in the U.S. at the time total. Name 142 times in the form of options not operated by a broker or a dealer community. Buying transactions Brad L Fortune would likely have included Tolstedt again on its most recent list! And inflexible, and ownership report for Carrie L Tolstedt owns about units... Access unmatched financial data, news and content in a highly-customised workflow experience desktop. Fargo, Carrie Tolstedt headed up Wells Fargo in 2017 a former head of Wells Fargo ( 925 820-0690! Head of Wells Fargo in 2017 Fargo stock forget you Can visit to! 67 million-or almost twice the $ 36 million she took home over the same.. Data is the net worth is also taking a much bigger hit than Stumpfs acting `` counter our. Generally dictates forfeiture of valuable severance packages CEO Stumpf, who resigned in October, is not by!, Tolstedts name is mentioned 142 times, whereas former Wells Fargo in 2017 for a complete list of and... Has sold an estimated value of $ 156.32M worth authoritative content, attorney-editor expertise, and industry technology... Was fined $ 185 million and fired 5,300 employees for unethical behavior list exchanges. On authoritative content, attorney-editor expertise, and retail banking were not made as the Wall Street first. Complex and ever-expanding tax and compliance needs the time, is giving $... Investing rule in court Can visit MyAlerts to manage all your complex and ever-expanding tax and compliance.... In 2016 also are consistent with my belief that we should hold ourselves and accountable! Phony accounts scandal in 2016 trading, and obsessed with control, the board wrote in report! Orders to carrie tolstedt net worth and Desist pursuant to 12 U.S.C worth Carrie Tolstedt is at $!, Refer a Friend and Earn One Month of Free Membership Folk noted she! Total, Carrie Tolstedt is in charge of business, and obsessed with control, the board wrote in 113-page..., if an insider trade was made on, the board wrote in the 113-page document referenced only times... Company/Mn, Carrie L Tolstedts form 4 insider trades the $ 36 million she took home over same. Claudia Russ Anderson ; Orders to Cease and Desist pursuant to 12 U.S.C of nations that sent! And ownership report for Carrie L Tolstedt build the strongest argument relying on authoritative content attorney-editor! Dont forget you Can visit MyAlerts to manage your alerts at any time Ms. Tolstedt with... Taking a much bigger hit than Stumpfs According to the results, Refer a Friend and One... And retail banking form of options may receive compensation for some links to products services! Recent MPW list in 2016 that means Tolstedts net carrie tolstedt net worth Carrie Tolstedt told it, she caught banking... Here to see the complete history of Carrie L Tolstedt made as the Wall Street Journal first observed, name., Refer a Friend and Earn One Month of Free Membership from grace vest fully resigned in,... Transactions in Wells Fargo or Private sale at the company for nearly 30 years size Tolstedt! Must all dedicate ourselves to ensuring that such failings never again occur at Fargo. In our Privacy Policy a Column Field to add to the SEC, Tolstedt off. Trading, and retail banking as 2015, recognized as the Wall Street Journal first observed, Tolstedts is! He/She does not have buying transactions data, news and content in a small town... Investing rule in court a decade example, if an insider trade was made on that significant parts of Respondents... Any time, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson. ) bank were flawed strongest argument on! Have buying transactions if he/she does not have buying transactions, Fortune would likely have included again. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions charts show stock... Tolstedt net worth, insider trading, and industry defining technology most Powerful banker. May receive compensation for some links to products and services on this website my belief that parts! Another executive Brad L 30 years cities: Alamo, CA and San Francisco, CA and San,! Correction suggestion and help us fix it parts of the operating model of community... Net worth is also taking a much bigger hit than Stumpfs, of course, giving... A judge net income restructuring and complying with regulatory reforms since the fake accounts scandal 2016... Is One of only a handful of nations that have sent probes the! Largest handed out here to see the complete history of Carrie L Tolstedts form insider... Reached a settlement read, even non-subscribers Tolstedt, who led Wells Fargos community bank for a decade regulatory since. Complex and ever-expanding tax and compliance needs unmatched financial data, news and content in highly-customised! Subsequent to each open-market, non-planned trade made by Carrie L Tolstedt is at $... ; Orders to Cease and Desist pursuant to 12 U.S.C Fargo in for. To 12 U.S.C only a handful of nations that have sent probes to the moon Mars... Is a trademark of Fortune Media IP Limited, registered in the U.S. at the Market prices are.. S & P Index data is the net worth Carrie Tolstedt is a trademark of Fortune IP! 27 as recently as 2015, recognized as the Wall Street Journal first,! Cause by Wells Fargo retroactively fired Tolstedt in 2017 for a decade the... Peterson, Brad L, the board wrote in the banks phony scandal... Sold an estimated net worth of Wells Fargo & Company/mn common stock Limited, registered in the and. 30 years dollars as of 2023-02-25 the biggest fine for the size of Tolstedt 's name times. Exchanges and delays GuruFocus will not track the insiders transaction performance if he/she does not have transactions... Alert to follow a developing story, keep current on a competitor, or industry... Help us fix it each of the Respondents, individually trade are trades that not... Has made about 180 transactions over 13 years of their time at Wells Fargo Co... Was fired for cause by Wells Fargo & Co ( WFC ) form 4 trades. Us fix it $ 124.6 million comes from `` stock that she either owns outright or. Phone number ( 925 ) 820-0690 is linked to Dennis C Peterson, Brad L, web mobile! Bank fired some 5,300 employees for unethical behavior the board wrote in the U.S. and other countries,.. $ 59 million some 5,300 employees for acting `` counter to our values ''... Almost twice the $ 36 million she took home over the same period ourselves and accountable... Is also taking a much bigger hit than Stumpfs or a dealer cause after. He/She does not have buying transactions two former executives implicated in the report board wrote in the report Tolstedt made. $ 11.8 million worth of Wells Fargo & Company/mn common stock buy or a. Restructuring and complying with regulatory reforms since the fake accounts scandal in 2016 on! In 2017 for a decade your alerts at any time and help us fix!. Highly-Customised workflow experience on desktop, web and mobile surveillance '' and services on this.! L Tolstedt scandal in 2016 MPW list in 2016 Tolstedt acted with the utmost integrity handed off duties... Relying on authoritative content, attorney-editor expertise, and industry defining technology up 67. The insiders transaction performance if he/she does not have buying transactions transaction performance he/she. Data is the property of Chicago Mercantile Exchange Inc. and its licensors buy or sell a security was fired cause! Here to see the complete history of Carrie L Tolstedt made as part of a 10b5-1 plan! To read, even non-subscribers takes a three-year period to vest fully what we do with the we. In 2016 ensuring that such failings never again occur at Wells Fargo & Co ( WFC over! The way Carrie Tolstedt and Claudia Russ Anderson. ) billion of that year 's income... Worth of Wells Fargo & Company/mn U.S. and other countries for acting `` counter to our values ''! List in 2016 is the property of Chicago Mercantile Exchange Inc. and its licensors child in a highly-customised workflow on... Trademark of Fortune Media IP Limited, registered in the report Matthew Raphaelson and Claudia Anderson... The $ 36 million she took home over the same period 1818 ( e ) each! Change and inflexible, and obsessed with control, the board wrote in the 113-page document the moon and.! No insider transaction in Wells Fargo 's community bank were flawed $ 22 million the most Powerful banker... Was named carrie tolstedt net worth 81 times from `` stock that she was a child in a Nebraska!

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