The Los Angeles Times is out with a story this morning about how John G. Stumpf, CEO of Wells Fargo Bank made more than any banker in America last year — $22.87 million.
Some people might say he’s earned it lately, as Wells Fargo Bank has seen a rough month in the public relations realm.
First this story surfaces about Larry Delassus, a retired and disabled man from Hermosa Beach. He dropped dead from a heart attack in court as his attorney argued for Wells Fargo to stop foreclosure of his home.
Yesterday the Wells Fargo CEO was confronted by Betty Badro, an angry homeowner facing immediate foreclosure, as he attempted to give the keynote speech to the American Banker Retail Lending Conference at the Park Hyatt Aviara Resort. The luxurious Carlsbad resort is the same location used by the infamous Koch Brothers for their secret reception and biannual fundraiser for conservative causes back in June.