Wells Fargo’s ex-CEO quits his $400k Target, $275k Chevron board positions

NEW YORK (CNNMoney) –

Wells Fargo’s embattled former CEO John Stumpf stepped down on Tuesday from the boards of two corporate giants: Target and Chevron.

The moves come just one week after Stumpf resigned suddenly as CEO amid an outcry over the scandal at his bank. There were loud cries for his resignation from lawmakers after Wells Fargo admitted to firing 5,300 workers for creating as many as 2 million unauthorized accounts since 2011.

Stumpf’s two board positions were lucrative. Last year, he earned $400,000 from Chevron and another $275,000 in fees and stock awards from Target.

Read on.

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One response to “Wells Fargo’s ex-CEO quits his $400k Target, $275k Chevron board positions

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