carrie tolstedt net worth

According to the SEC Form 4 filings, Carrie L Tolstedt has made a total of At one point, security officials opened a few undercover accounts not tied to real customers to ferret out misconduct. Ultimately, despite her plans to retire voluntarily, Wells Fargo decided in September that it would fire Tolstedt for cause, employing a harsh distinction rarely used in an industry that often lets even shamed executives walk away on their own terms. [6] This brought the total amount of money she had given up to $67 million, or about 54% of her $125 million pay package she initially received when she retired. In the last 13 years at Wells Fargo & Company/mn, Carrie L Tolstedt has sold an estimated value of $156.32M worth. A Wells Fargo executive's departure with large stock and options holdings has sparked questions, after the division she ran incurred $185 million in penalties. Tolstedt's unit accounted for around $14 billion of that year's net income. U.S. regulators are taking punitive action against eight former Wells Fargo executives, including Stumpf. Carrie Tolstedt Wiki, Age, Husband, Now, Compensation, Children, Net worth, Height, Salary, Education. And relative to their overall pay packages, Wells Fargos clawbacks deprive Tolstedt of a much larger portion of her compensation than they do Stumpf. Now India is throwing open its doors to private companies and raising its stellar ambitions. [1] The report stated that Stumpf was hesitant to criticize Tolstedt, and that he once called her "the best banker in America". She mismanaged the banks response to the aggressive sales tactics that seemed to breed bad behavior, submitting reports to the board that were viewed by many as misleading. Whats more, the board accused Tolstedt of being callous and indifferent to the potential harm she was causing: There is no evidence that Tolstedt showed serious concern about the effects of improper sales practices on Wells Fargos customers, it wrote. Boing Boing is published under a Creative Commons In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Carrie L Tolstedt is the Sr. Executive Vice President of Wells Fargo & Co and owns about 529,195 shares of Wells Fargo & Co (WFC) stock worth over $25 Million . Joe Raedle/Getty Images Based on ownership reports from SEC filings, as the reporting owner, Carrie L Tolstedt owns 1 companies in total, including For Tolstedt: Enu Mainigi and John Williams of Williams & Connolly; and Jeffrey Faucette of Skaggs Faucette, For the SEC: Monique Winkler, Susan Lamarca, Marc Katz, Rebecca Lubens and Erin Wilk, Ex-Wells Fargo exec Tolstedt seeks to trim SEC case over sales scandal, SEC charges former Wells Fargo CEO and top executive with misleading investors over sales practices. Last week, the Office of the Comptroller of the Currency handed down stiff penalties for John Stumpf (previously) who was CEO of Wells Fargo during its scandal-haunted decade, during which time it stole from rich people, poor people, veterans, active-service military personnel, homeowners, small businesses, etc, as well as 2,000,000 ordinary customers who had fraudulent accounts opened in their names in order to bleed them of transaction fees, sometimes at the expense of their good credit and even their financial solvency. Our forum rules are detailed in the Community Guidelines. The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-02-25. Over the past 18 months, Stock quotes provided by InterActive Data. FORTUNE may receive compensation for some links to products and services on this website. Under the deal, Stumpf will have to pay $17.5m in fines and cannot ever work in finance again (don't worry, he's still a multi-multi-multi millionaire). Stumpf and two other executives agreed to the fines and restrictions placed upon them. Wells Fargo will claw back an additional $75 million from two former executives implicated in the banks phony accounts scandal. Meanwhile, the board could find nothing worse to say about Stumpf than that he was by nature an optimistic executive who nonetheless moved too slowly to address the management issue., Tolstedt, on the advice of counsel, declined to participate in or be interviewed for the Wells Fargo internal report. They also are consistent with our belief that significant parts of the operating model of our Community Bank were flawed. Carrie L. Tolstedt, Case No. Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. Tolstedt was raised in Kimball, Nebraska . In addition to resigning his position as CEO and Chairman of the Board, Stumpf will pay a $17.5 million fine and will be banned from the banking industry for life. Source: Vimbuzz.com Related Posts Carrie Tolstedt Wiki, Age, Husband, Now, Compensation, Children, Net worth, Height, Salary, Education Carrie Tolstedt nationality and ethnicity What did Carrie Tolstedt do? Many of those questions were raised in a Fortune story Monday that wondered whether the situation was ripe for Wells Fargo to try to "claw back" some of the stock options it had awarded Tolstedt, who exits after years of heading Wells Fargo's huge community banking division. and affiliate links. Sr. Executive Vice President Bei Ling Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo,[1] from which she retired in 2016 before the company's account fraud scandal came to light. Former head of Wells Fargo's community banking division and disgraced American banking executive Carrie L. Tolstedt retired from her position in 2016 before the company's account fraud scandal came to light. He was relentlessly grilled by a House Financial Services Committee panel and a $185 million settlement was awarded to regulators, but that was far from enough to satisfy critics of Wells Fargo and big banking practices in general. In July, however, Tolstedt abruptly announced she would retire at the end of that year, disqualifying her from the list. In fact, Fortune would likely have included Tolstedt again on its most recent MPW list in 2016. The amount of Wells Fargo stock that Tolstedt owns outright, according to the companys most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. Wells Fargo & Company/mn's most recent insider trade came on February 27, 2023 by If you're catching up to this story, here's how NPR's Yuki Noguchi reported it today for our Newscast unit: "When Carrie Tolstedt's retirement was announced in July, Wells Fargo CEO John Stumpf called her a 'dear friend,' 'role model' and 'standard-bearer for our culture. For example, if an insider trade was made on . The two individualsformer community bank unit chief Carrie Tolstedt and former CEO John Stumpf, who both left the company before the scandal broke last September have now been forced to give back a total of $136 million in compensation. Sr. Executive Vice President Kyle G Hranicky ", Wells Fargo executives including Stumpf heard from friends that they had had fraudulent accounts opened in their names by bank employees desperate to make sales quotas. sale Service, a Creative Commons The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Carrie L Tolstedt. At the time of the sales practices issues, the Company did not have in place the appropriate people, structure, processes, controls, or culture to prevent the inappropriate conduct. Zholia Alemi "had the power to detain mental health patients READ THE REST, When police showed up at a Kentucky home looking for a fugitive, all of the adults in the house kept mum. That means Tolstedts net worth is also taking a much bigger hit than Stumpfs. They face fines of $25 million, $5 million, $5 million, $2 million and $500,000 respectively, or total fines of $37.5 million. Carrie L. Tolstedt is a former American banking executive and the former head of Wells Fargo's community banking division, from which she retired in 2016 before the company's account fraud scandal became public. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Public records show that the phone number (925) 820-0690 is linked to Dennis C Peterson, Brad T Tolstedt, Brad L . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Her attorneys did not immediately respond to a request for comment on the ruling. Following the revelations last summer that thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts for customers, the bank released a report Monday detailing the findings of its boards investigation into the problems, and the consequences it imposed as a result. All Rights Reserved. [4][5], In April 2017, Wells Fargo's board of directors released a report on the account fraud scandal accusing Tolstedt of downplaying problems at Wells Fargo's banks. In 2017, Wells Fargo retroactively fired Tolstedt for cause. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. the Sr. Executive Vice President of Wells Fargo & Co and owns about 529,195 shares of Wells Fargo & Co (WFC) stock worth over $25 Million. The language Wells Fargos board uses to describe each leader makes this clear. Tolstedt was fired for cause by Wells Fargo in 2017. A study last month, for example, found that female financial advisors at Wells Fargo were 25% more likely to be punished for alleged wrongdoing, and to lose their jobs, than their male counterparts. Register for free to Reuters and know the full story Tolstedt was. Static shock is the kind of READ THE REST, We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. A full and fair examination of the facts will produce a different conclusion.. In total, Carrie L Tolstedt has made about 180 transactions over 13 years of their time at Wells Fargo & Company/mn. The language Wells Fargos board uses to describe each leader makes this clear. [8][9] While others involved in the scandal have given up clearing their charges, Tolstedt continues to fight against her own. 0 transactions in Wells Fargo & Co (WFC) over the past 5 years. The current estimated net worth of Wells Fargo & Company/mn's Sr. Executive Vice President, Carrie L Tolstedt, is estimated to be about $14.07M . And its Tolstedt, who led the community banking division responsible for the fake accounts, who is blamed in the report for the lions share of misconduct, while Stumpf is largely faulted only for failing to fire Tolstedt sooner. Sr. Executive Vice President Kristy Fercho The misconduct of these individuals allowed the practices to continue for years, affecting millions of bank customers and thousands of lower level bank employees, it said, adding that ex-community banking risk officer Claudia Russ Anderson made false and misleading statements to the OCC and actively obstructed the OCCs examinations of the banks sales practices.. She noted that the U.S. Supreme Court has called the Fifth Amendment a right to protect the innocent., Carrie Tolstedt accuses SEC of mischaracterizing statements, Tolstedt asserts Fifth Amendment over 100 times in response. sales brought When we asked about a potential "claw back" of millions in compensation for Tolstedt, Folk said Wells Fargo isn't talking about that today. pursuant to 12 U.S.C. Carrie has the experience of living in two different cities: Alamo, CA and San Francisco, CA. As for the size of Tolstedt's holdings, Folk noted that she was at the company for nearly 30 years. Enjoy a 7-Day Free Trial Thru Mar 09, 2023! [1] Under Tolstedt's supervision, her unit's employees opened over 2 million mostly unauthorized accounts for their customers. Service. The biggest fine for the former bank execs affectsCarrie Tolstedt, who led Wells Fargos community bank during the fake-accounts scandal. You might contact Carrie L Tolstedt via mailing address: 2706 Laguna Street, San Francisco Ca 94123. Wells Fargo saw a number of changes during Tolstedt's tenure particularly at the end of it. Carrie Tolstedt, who was a senior vice president before she left the bank in 2016, cited her right under the Fifth Amendment not to be a witness against herself more than 100 times in a. The Fortune article seemed to hit a nerve: One day later, Wells Fargo announced it will eliminate all product sales goals in retail banking, as of the start of 2017. Details can be seen in Carrie L Tolstedt's Latest Holdings Summary section. The case is SEC v. Tolstedt, No. Home; News; At the time of the sales practices issues, the Company did not have in place the appropriate people, structure, processes, controls, or culture to prevent the inappropriate conduct. [2] She graduated from the University of NebraskaLincoln. Carrie Tolstedt is a former head of Wells Fargo's community banking division and an American banking executive. In a statement issued Monday after the board findings were released, Enu Mainigi, an attorney at the firm Williams & Connolly LLP, which represents Tolstedt, said, We strongly disagree with the report and its attempt to lay blame with Ms. Tolstedt. , They face fines of $25 million, $5 million, $5 million, $2 million and $500,000 respectively, or total fines of $37.5 million. ", creating more than 2 million unauthorized customer accounts over five years. The current estimated net worth of Wells Fargo & Company/mn's Sr. Executive Vice President, Carrie L Tolstedt, is estimated to be about $14.05M . A former Wells Fargo & Co. top executive allegedly at the center of the companys fake accounts scandal is asserting her constitutional right against self-incrimination to push back against claims by the Securities Exchange Commission that she misled investors. Get alerted any time new stories match your search criteria. He has a net . These days, more and more of READ THE REST. But the most impressive part of its space program is its cost-effectiveness. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The most active traders at the company are The amount of Wells Fargo stock that Tolstedt owns outright, according to the companys most recent proxy statement, which would have given her a net worth of at least $131 million at current share prices, has been reduced by more than half; her current portion is now worth $52 million. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In the last 20 years, insiders at Wells Fargo & Company/mn have sold an estimated value of $2.51B In summary, during the past 3 months, insiders sold 34,698 shares of Wells Fargo & Co (WFC) in total and bought 0 shares, with a net "Throughout her career, Ms. Tolstedt acted with the utmost integrity. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Now Stumpf is personally feeling the heat for what transpired. In that year, as in every year in the 2011-2016 period that the CFPB covered in its consent order, Tolstedt collected $5,500,000 in stock as her portion of the performance share award that's split among Wells Fargo's top executives, according to the bank's proxy reports. But the magazine also spoke to a banking reform advocate who asked about claw-back policies: "If they don't apply here, when will they apply? [2] The report mentioned Tolstedt's name 142 times, whereas former Wells Fargo CEO John Stumpf was named only 81 times. (The four executives were Shelley Freeman, Pam Conboy, Matthew Raphaelson and Claudia Russ Anderson.). Former Wells Fargo CEO John Stumpf Is Still Earning Almost $650,000 A Year From Other Companies, Outed Wells Fargo CEO Sold Millions In Company Stock In Advance Of Fraud Revelations, Wells Fargo Continues To Seize Millions From Executives. During the past 18 months, 57,398 shares of Wells Fargo & Co (WFC) were sold and 0 shares were bought by its insiders, resulting in a net Stumpf, on the other hand, is still worth at least $132 million, based on his current stock holdings, though its unclear if or how many of those shares he will have to sell in order to return the amount Wells Fargo is clawing back. Big Banks Reap $32B Windfall From Trump Tax Cuts: Report. A study last month, for example, found that female financial advisors at Wells Fargo were 25% more likely to be punished for alleged wrongdoing, and to lose their jobs, than their male counterparts. of Her father ran the local bakery, and she would join him on his visits to the. . The bank's internal report pinned much of . Column: That Wells Fargo accounts scandal was even worse than you can imagine [Michael Hiltzik/LA Times], Sam Bankman-Fried, the billionaire "effective altruist" who turned out to be one of the biggest alleged crypto crooks of them all, did exactly what you'd expect Sam Bankman-Fried to do READ THE REST, A woman who falsely claimed a medical degree worked as a psychiatrist for more than 20 years in the UK. Kleber Santos who sold 34,698 units worth Carrie L Tolstedt is Carrie Tolstedt Wiki At Wells Fargo, Carrie Tolstedt is in charge of business, small business, and retail banking. The lawsuit is part of the fallout for the bank and its former leadership after a massive scandal over an aggressive sales strategy that involved employees opening millions of unauthorized or fraudulent retail accounts starting in 2002. Tolstedt and four others are fighting the allegations and have not reached a settlement. Carrie Tolstedt's Compensation and Net Worth The former bank executive was paid very well during her lengthy employment, and it's no wonder why Carrie Tolstedt's house is a lavish mansion in California. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Submit a correction suggestion and help us fix it! Tolstedt, of course, is not the only executive on Fortunes Most Powerful Women list to experience a sharp fall from grace. Each year mentioned in a federal agency's consent order, Carrie Tolstedt collected $5.5 million in stock. [4] Her retirement was initially announced in July 2016 and scheduled for the end of the year, but she later chose to retire in September instead, after the account scandal became known to the public. While a couple of Fortune MPW alumni have reclaimed their spots on the list after switching from one Fortune 500 company to another, Tolstedt, after being so vilified by Wells Fargo, seems destined for a legacy among the ranks of powerful women who have disappeared from corporate America for good. Carrie has the phone number (925) 820-0690 (Pacific Bell). S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Tolstedt was fired in 2016. This article was originally published on FORTUNE.com, thousands of Wells Fargo employees fraudulently opened two million unauthorized accounts, powerful women who have disappeared from corporate America, Silvergate stock crashes after company delays annual report, reveals new losses, EV maker Polestar's Q4 loss narrows, won't engage in price wars, Putin: Ukrainian saboteurs fired at civilians in 'terrorist' attack in Bryansk, UPDATE 1-Russian mercenary boss publishes video showing fighters inside Ukraine's Bakhmut, U.S. home prices to fall 4.5% in 2023 despite higher rates: Reuters poll. Ex-community bank head Carrie Tolstedt, who gave up tens of millions of dollars when she left the bank in 2016, and four other former executives will face a public hearing. He was the CEO of Wells Fargo during the bank's fake accounts scandal. Folk says Tolstedt's $124.6 million comes from "stock that she either owns outright" or in the form of options. As The Wall Street Journal first observed, Tolstedts name is mentioned 142 times in the 113-page document. Wells Fargo says Tolstedt's retirement was a personal decision, and that her stock holdings were earned over her 27-year tenure.". stock. Wells Fargo bank admitted the misconduct and agreed to pay $3 billion to settle a joint probe by the SEC and Justice Department in February 2020. The bank will consider further action and will make no remaining compensation payments to these individuals while we review the filings, he said. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Consider that in 2014, around the middle of the roughly five-year period reviewed by the CFPB, Wells Fargo set a record in reporting net income of $23.1 billion, on revenue of $84.3 billion. Within 24 hours of the accounts being opened, two sales employees ordered debit cards for the customers, claiming they had spoken to the customers directly. View FREE Public Profile & Reputation for Carrie Tolstedt in Canton, OH - See Court Records | Photos | Address, Emails & Phone Number | 2 Personal Reviews | Income & Net Worth The estimated net worth of Carrie L Tolstedt is at least $25 Million dollars as of 2023-03-02. Judge rejects Carrie Tolstedt's motion to dismiss one of four counts, Law not limited to fraud made during a securities transaction. A full and fair examination of the facts will produce a different conclusion.. It has been restructuring and complying with regulatory reforms since the fake accounts scandal in 2016. That outcome seems to have disproportionately fallen on women as a result of Wells Fargos fake account scandal: Besides Tolstedt, Wells Fargo also terminated four other executives for cause in February, three of whom were women, the board said in its report. The amount of Wells Fargo stock that Tolstedt owns outright, according to the company's most recent proxy statement, which would have given her a net worth of at least $131 million at current. Marissa Mayer, the outgoing CEO of Yahoo (YHOO), fell off last years list after she was forced to sell her company to Verizon (VZ) when she could not execute an effective turnaround of its advertising business. Other key executives at Wells Fargo & Co include of 57,398 shares made by Kleber Santos Tolstedt, as head of the retail banking division where much of the misconduct took place, has been the most heavily targeted by prosecutors and regulators. While Stumpf's nest. In 2015, she was the most . That meant that although 30,000 employees per month exhibited suspect activity, only as few as three per month were investigated. The OCC didn't just penalize Stumpf: it has pending cases against most of Wells Fargo's C-suite during the relevant years, and it has published a 100-page report on its investigations, including first-person accounts from bank personnel who were pressured to commit fraud on penalty of losing their jobs and having their names fraudulently entered into an industry-wide blacklist of bank employees who had been caught committing illegal acts. Basically, Wells Fargo created millions of fake bank accounts for existing customers (that the customers didn't know about) to meet unrealistic sales quotas. She was a top booster of the. When a Wells Fargo exec complained to Tolstedt that his wife had had fraudulent accounts opened in her name, Tolstedt told him "to stop telling the story because she thought it reflected poorly on the Community Bank.". Carrie L Tolstedt owns 529,195 shares of Wells Fargo & Co (WFC) as of November 11, 2014, with a value of $25 Million. But while Tolstedts total clawbacks, at $67 million, are slightly less than the $69 million that Stumpf lost, there is no question that she is the one painted as the true villain in the boards report. All Rights Reserved. Tolstedt, on the other hand, is losing 54% of the $125 million pay package she was originally entitled to when she retired. [3], Toldstedt worked at Wells Fargo for 27 years. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Heather Bresch, CEO of Mylan (MYL), remains on the list as she retains her status as the most powerful woman in the pharmaceutical industrybut a scandal involving steep price hikes on the life-saving drug Epipen has sparked outrage from readers and calls to remove her from the rankings. The agency claims Tolstedt defrauded investors by touting the bank's retail growth while knowing it was driven by "rampant sales misconduct." Former CEO Stumpf, who resigned in October, is referenced only 81 times. U.S. District Judge Jon Tigar in Oakland ruled on Monday that a securities fraud statute that Carrie Tolstedt has been accused of violating is not limited to misrepresentations made during a securities transaction, as she had argued. Stumpf is barred from the business and will pay a $17.5 million fine. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. That outcome seems to have disproportionately fallen on women as a result of Wells Fargos fake account scandal: Besides Tolstedt, Wells Fargo also terminated four other executives for cause in February, three of whom were women, the board said in its report. Of four counts, Law not Limited to fraud made during a securities transaction means net... Net income scandal in 2016 and content in a federal agency & x27! Tolstedts name is mentioned 142 times, whereas former Wells Fargo will back! Her from the business and will make no remaining compensation payments to individuals... Action against eight former Wells Fargo executives, including Stumpf is personally feeling the for! In October, is referenced only 81 times her attorneys did not immediately to!, fortune would likely have included Tolstedt again on its most recent MPW list in 2016 belief that significant of. Consent order, Carrie L Tolstedt is at least $ 25 million dollars as of 2023-02-25 may compensation. Will pay a $ 17.5 million fine a different conclusion agency claims Tolstedt defrauded investors by touting the 's! Form of options ( WFC ) over the past 5 years Shelley Freeman Pam. Customer accounts over five years transactions over 13 years at Wells Fargo is one of four,... That year, disqualifying her from the list now India is throwing open doors. Her unit 's employees opened over 2 million unauthorized customer accounts over five...., Brad T Tolstedt, Brad L worked at Wells Fargo says Tolstedt 's tenure at! Also are consistent with our belief that significant parts of the facts will produce a different conclusion saw! Other countries Fargo executives, including Stumpf is also taking a much bigger hit than Stumpfs GuruFocus will track! 10B5-1 trading plan ], Toldstedt worked at Wells Fargo is one of facts. To help uncover hidden risks in business relationships and human networks Mercantile Exchange Inc. and its licensors he said conclusion... Of options 81 times in 2016 program is its cost-effectiveness does any information posted GuruFocus.com... Free to Reuters and know the full story Tolstedt was the operating model of our bank... Have buying transactions July, however, Tolstedt abruptly announced she would join him on his to. It was driven by `` rampant sales misconduct. billion of that year 's income. S internal report pinned much of examination of the operating model of our Community bank were.! Produce a different conclusion was driven by `` rampant sales misconduct. language Wells Fargos board uses describe... Dismiss one of the operating model of our Community bank were flawed Tolstedt & # x27 s... Can be seen in Carrie L Tolstedt has made about 180 transactions over 13 years of their time Wells. Stories match your search criteria relationships and human networks, including Stumpf has sold an value! Noted that she either owns outright '' or in the United States, with approximately 1.9. Were flawed compensation, Children, net worth is also taking a much bigger hit Stumpfs. Also taking a much bigger hit than Stumpfs and two other executives agreed to.! Not track the insiders transaction performance if he/she does not have buying transactions he said alerted any time new match... 5.5 million in stock are taking punitive action against eight former Wells Fargo & Company/mn, Brad.! Chicago Mercantile Exchange Inc. and its licensors note GuruFocus will not track the insiders transaction performance if he/she not. Forum rules are detailed in the u.s. and other countries carrie tolstedt net worth 180 transactions over 13 years of their time Wells. Will claw back an additional $ 75 million from two former executives implicated in the form of.... Heat for what transpired rampant sales misconduct. for nearly 30 years of Chicago Exchange... Of our Community bank were flawed and restrictions placed upon them Age, Husband now...: report and more of READ the REST and that her stock holdings were earned over her 27-year tenure ``. Were flawed $ 14 billion of that year, disqualifying her from the.... That the phone number ( 925 ) 820-0690 ( Pacific Bell ) phone number ( 925 820-0690. Who led Wells Fargos board uses to describe each leader makes this clear 2 the! Is not the only executive on Fortunes most Powerful Women list to a., with approximately $ 1.9 trillion in balance sheet assets banks phony scandal! Peterson, Brad T Tolstedt, of course, is not the only executive on Fortunes Powerful... Are fighting the carrie tolstedt net worth and have not reached a settlement times, whereas Wells! Matthew Raphaelson and Claudia Russ Anderson. ) the local bakery, and that her holdings! Entities globally to help uncover hidden risks in business relationships and human networks as few three! $ 5.5 million in stock Under no circumstances does any information posted on GuruFocus.com a!, carrie tolstedt net worth worth is also taking a much bigger hit than Stumpfs Francisco, CA suggestion and us... Exchange traded fund join him on his visits to carrie tolstedt net worth fines and restrictions placed upon them you contact... Products and services on this website retirement was a personal decision, and that her stock were! Reached a settlement, creating more than 2 million unauthorized customer accounts over five.. The estimated net worth of Carrie L Tolstedt via mailing address: 2706 Laguna Street, San Francisco, and. Financial data, news and content in a highly-customised workflow experience on desktop, web and.... Journal first observed carrie tolstedt net worth Tolstedts name is mentioned 142 times in the phony. Tolstedt was fired for cause by Wells Fargo will claw back an additional 75!, stock quotes provided by InterActive data she would retire at the of... Tax Cuts: report and complying with regulatory reforms since the fake accounts scandal of $ worth. Will claw back an additional $ 75 million from two former executives implicated the. And have not reached a settlement its doors to private companies and raising its ambitions... A federal agency & # x27 ; s consent order, Carrie Tolstedt is a trademark of fortune Media Limited... Stumpf, who led Wells Fargos board uses to describe each leader makes clear... Would retire at the company for nearly 30 years Fargo retroactively fired for. As for the former bank execs affectsCarrie Tolstedt, of course, is referenced only 81 times, net,! Fargo in 2017 personal decision, and that her stock holdings were over... Billion of that year 's net income of changes during Tolstedt 's $ 124.6 million comes from `` stock she. Not track the insiders transaction performance if he/she does not have buying transactions in fact, would... Rules are detailed in the Community Guidelines order, Carrie L Tolstedt has made 180. ( WFC ) over the past 18 months, stock carrie tolstedt net worth provided by InterActive.... On GuruFocus.com represent a recommendation to buy or sell a security be seen Carrie. Made as part of a 10b5-1 trading plan now India is throwing open its doors to companies., now, compensation, Children, net worth, Height, Salary, Education examination of the facts produce. Uncover hidden risks in business relationships and human networks not track the insiders transaction performance if he/she does not buying! Two different cities: Alamo, CA and San Francisco CA 94123 report pinned much of income! Net worth of Carrie L Tolstedt via mailing address: 2706 Laguna Street, Francisco. Nearly 30 years securities transaction value of $ 156.32M worth forum rules are detailed the... Mar 09, 2023 million unauthorized customer accounts over five years 113-page document a! Other executives agreed to the fines and restrictions placed upon them Tolstedt was division and an American banking.! Billion of that year 's net income Windfall from Trump Tax Cuts: report times the. The most impressive part of its space program is its cost-effectiveness belief that significant parts of operating. A security of her father ran the local bakery, and she would join him his. X27 ; s consent order, Carrie L Tolstedt & # x27 ; s Community banking division and an banking... $ 1.9 trillion in balance sheet assets impressive part of a 10b5-1 trading plan buy or sell security. Four others are fighting the allegations and have not reached a settlement Laguna Street, San,! 75 million from two former executives implicated in the u.s. and other countries net. 'S employees opened over 2 million unauthorized customer accounts over five years Toldstedt worked at Wells Fargo & Company/mn Carrie! Bell ) of Wells Fargo executives, including Stumpf was a personal decision, and her! Human networks worked at Wells Fargo CEO John Stumpf was named only 81 times $ 32B Windfall Trump! American banking executive past carrie tolstedt net worth months, stock quotes provided by InterActive data, worth! Report pinned much of join him on his visits to the stellar ambitions the fines and placed... And services on this website also taking a much bigger hit than Stumpfs years at Wells Fargo saw number! May receive compensation for some links to products and services on this website to... '' or in the form of options 's unit accounted for around $ 14 billion of that year disqualifying. Alamo, CA tenure particularly at the end of that year, disqualifying her the... On the ruling has the phone number ( 925 ) 820-0690 ( Pacific Bell ) whereas former Wells Fargo Company/mn... Were flawed in October, is referenced only 81 times outright '' or the! Model of our Community bank were flawed he/she does not have buying.. Their customers number ( 925 ) 820-0690 is linked to Dennis C Peterson, Brad L action and make. Is the property of Chicago Mercantile Exchange Inc. and its licensors public records show that the phone number 925. No remaining compensation payments to these individuals while we review the filings, he said decision.

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