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Published on Sep 28, 2016
Wells
Fargo CEO John Stumpf is giving up $41 million in unvested equity. The
clawback relates to the still unfolding scandal over millions of fake
accounts set up at the bank. Also Senators will be looking to see if
Wells Fargo ( ) targeted senior citizens when setting up those accounts.
Takata is reportedly in talks to settle a criminal investigation with
the U.S. Department of Justice. The Wall Street Journal says federal
prosecutors found evidence of criminal wrongdoing in the Japanese
company's handling of the rupture prone airbags. The report says
prosecutors are currently awaiting a proposal from the company on how to
resolve an anticipated criminal case. Shares of Nike ( ) could be under
pressure today as future orders were weaker than expected. The sports
apparel company did have strong sales after a boost from the Rio
Olympics over the summer.
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