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The house has beam ceilings, antique fountains, multiple private courtyards, French limestone counter tops, mahogany doors and a game room with a bar and wine room. 837, © 2020 NYP Holdings, Inc. All Rights Reserved 2,658, This story has been shared 837 times. This story has been shared 3,556 times. Dr. Craig Norquist and his wife, Laura, sold the house, which has five bedrooms and six bathrooms. From 1994 to 1… hide caption. It was renovated in 2015, according to public real estate records. "What's sad to me is the impact of this on them," McHenry said, noting that Stumpf had trumpeted the mergers as a blend of compatible corporate cultures. Privacy Notice Stumpf will also pay a $17.5 million fine, according to the OCC, which also announced settlements with Wells’ former human resources head, Hope Hardison, for … The mountainside home at 7560 N. Silvercrest Way in Paradise Valley was bought by Ruth Stumpf, wife of the former Wells Fargo (NYSE: WFC) CEO John Stumpf… Wells Fargo CEO John Stumpf is sworn in on Capitol Hill, where he is testifying before the House Financial Services Committee about Wells Fargo's opening of unauthorized customer accounts. John Stumpf Architect PC consulting architects are critical to guarantee a top notch house remodeling. We make the law in Congress. Answering Meeks' charge that "there's no responsibility," Stumpf replied by saying something he said several times Thursday: that he holds his job "at the pleasure of the board.". "It's really hard to say that when you're before Congress for the second time," McHenry said, "and behind you was all the settlements you've had ... for problematic relationships you've had with your customers, by taking their money. The bank also said that Tolstedt is forfeiting outstanding stock awards worth about $19 million, and "will not be paid severance or receive any retirement enhancements.". Post was not sent - check your email addresses! Rep. Gregory Meeks, D-N.Y., asked pointed questions of Wells Fargo CEO John Stumpf on Thursday, including why 5,300 employees had been fired over millions of bogus accounts but Stumpf remains in charge. And the L.A. Times article about the scandal was published in Dec. 21, 2013.". ", In a later exchange, Meeks said that at Wells Fargo, Stumpf has led "what basically has been a criminal enterprise.". The suit was filed on behalf of Wells Fargo employees penalized for not making sales quotas in the past 10 years. Charges against additional executives may be brought by the OCC, Reuters said. It’s unclear if Stumpf and Tolstedt have yet received all of their money, but Wells’ current CEO on Thursday said the bank will not be making any more delayed compensation payments to the former executives named by the OCC. John Stumpf, the former CEO of Wells Fargo who stepped down after the bank's scandal over selling services to customers without their knowledge, bought a Paradise Valley house with his wife, Ruth, through a family trust. ", McHenry added, "You have broken, and your company has broken, longstanding law. College student with COVID-19 found dead in dorm room while quarantining, Woman busts her cheating boyfriend after spotting clue in his selfie, Trump campaign scores legal win in Pennsylvania vote count, USPS says huge amount of mail-in ballots were not delivered, Election results map: All eyes on Georgia, Arizona, Nevada and Pennsylvania, Here's what stocks to buy if Biden — or Trump — wins the 2020 election, Medical scrubs startup Figs gears up for $4B IPO amid legal battle: Sources, US workers file 751,000 jobless claims as COVID crisis total tops 66 million, Christina Anstead fires back at claims she’s an ‘absent mother’, Sophia Loren’s life of drama, sex symbol status and scandal, Rapper and social-media influencer Braxton ‘Brax’ Baker dead at 21, © 2020 NYP Holdings, Inc. All Rights Reserved, Wells Fargo agrees to $65M settlement with New York AG, Wells Fargo could face as much as $1 billion in fines, Elizabeth Warren tells Wells Fargo CEO he 'should be fired', Wells Fargo names first female chair of any major US bank, NYC restaurants are bracing for street chaos on Election Day, Spark Avenue!

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