During the Senate Banking Cmte hearing yesterday, Senator Elizabeth Warren took Wells Fargo chairman and CEO John Stumpf, lifted him in the air with her mind, and pierced his soul with a relentless barrage of truth darts. Warren was in top form; she was relentlessly dismantled every filibuster attempt Stumpf stammered through. Stumpf’s laughable under-reaction following the recent scandal, (which involved Wells Fargo employees creating dummy accounts in order to break quotas and receive bonuses) was center stage.
He didn’t fire any top executives. He didn’t resign. He didn’t really do anything.
And Warren sliced him to bits for it.