: Raw Story:
Wouldn’t it be nice to be axed from your job because you helped your employer get smacked with a massive $185 million fine — and still walk away with a payday of $125 million?
Fortune reports that Carrie Tolstedt, the executive in charge of the Wells Fargo unit that opened more than 2 million phony customer accounts, leaves the bank with a $125 million golden parachute.
Tolstedt left the bank back in July, and the bank’s official announcement of her departure made no mention of an impending settlement with the Consumer Financial Protection Bureau.
The CFPB last week fined Wells Fargo $185 million after its employees opened up more than 2 million deposit and credit card accounts without consumers’ permission. The employees did this because it helped them meet their sales targets and receive bigger bonuses, the CFPB found.