1. Four Large Wells Fargo Shareholders want More Action from Board

    Four Large Wells Fargo Shareholders want More Action from Board

    Several large Wells Fargo & Co investors say they are looking for changes on the board of directors in the wake of a sales scandal that has caused months of upheaval for the bank and cost its former chief executive his job...

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    1. Until we get a bit more of this information it's hard to know whether the board should change or who should be held accountable.
    2. In the coming months, my office will continue to engage Wells Fargo and ensure they make real reforms.
    3. We are concerned about directors serving on too many other outside boards which was certainly the situation here and could have contributed to lapsed oversight.
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