Wells Fargo & Company (NYSE:WFC) today announced executive compensation actions to reinforce accountability of the company’s leadership for the issues arising from the Community Bank’s sales practices.

The Board has taken actions affecting the Operating Committee, Wells Fargo’s 11 highest-ranking executives, based on the accountability of all those in senior management for the overall operational and reputation risk of the company, and not on any findings of improper behavior in the Board's ongoing independent investigation. The compensation actions will affect the eight members of the Committee who were in place before it was reconstituted in November 2016. READ MORE