John G Stumpf Net Worth is21.0 $Million
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John Stumpf (born 1953) became Chairman for Wells Fargo & Company in January 2010. He was named Chief Executive Officer in June 2007, elected to Wells Fargoa??s Board of Directors in June 2006, and has been President since August 2005.
A Pierz, Minnesota native, Stumpf grew up as one of 11 children on a dairy and poultry farm. His father was a dairy farmer. Stumpf shared a bedroom with his brothers until he was married. Stumpf graduated in the bottom half of his high school class. His bad grades, combined with his limited family finances, resulted in Stumpf obtaining a job as a breadmaker in a Pierz bakery. After a year, Stumpf enrolled in St. Cloud State University on a provisional basis. He eventually obtained a job as a reposession agent at First Bank in St. Paul, Minnesota.
Stumpf earned his bachelora??s degree in finance from St. Cloud State University, St. Cloud, Minnesota and his MBA with an emphasis in finance from the University of Minnesota.
Stumpf joined Northwestern National Bank, the former Norwest Corporation and predecessor of Wells Fargo, in 1982 in the loan administration department and then became senior vice president and chief credit officer for Norwest Bank, N.A., Minneapolis. He held a number of management positions at Norwest Bank Minneapolis and Norwest Bank Minnesota before assuming responsibility for Norwest Bank Arizona in 1989. He was named regional president for Norwest Banks in Colorado/Arizona in 1991. From 1994 to 1998, he was regional president for Norwest Bank Texas. During his four years in that position, he led Norwesta??s acquisition of 30 Texas banks with total assets of more than $13 billion.
In 1998, with the merger of Norwest Corporation and Wells Fargo & Company, he became head of the Southwestern Banking Group (Arizona, New Mexico and Texas). Two years later he became head of the new Western Banking Group (Arizona, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming). In 2000, he led

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John G Stumpf Latest News

Critics say Wells Fargo CEO should forfeit more than $41 million after sales scandal

The decision to take back thousands of shares of unvested stock from John G. Stumpf is the first time a high-ranking banking industry executive has personally faced such a steep penalty for company misdeeds since the 2008 financial crisis. But ...
Posted: September 28, 2016, 2:26 pm

Wells Fargo CEO Stumpf apologizes, vows that bank will do better

Embroiled in controversy over his bank's deceptive sales practices, Wells Fargo CEO John G. Stumpf apologized to a Senate panel on Tuesday and said the bank is committed to fixing what went wrong. With the bank on the hot seat and some investors calling ...
Posted: September 20, 2016, 4:19 am

Stephen Colbert blasts disgraced Wells Fargo CEO John Stumpf's $200 million payday: "That's how you teach white-collar crime does not pay"

Wells Fargo CEO John G. Stumpf testified before the Senate Banking Committee last week and received an earful from Massachusetts Sen. Elizabeth Warren. “Your definition of accountability is to push this on your low-level employees,” Warren said ...
Posted: September 29, 2016, 3:01 am

Wells Fargo CEO John Stumpf quits after scandal

NEW YORK — The scandal engulfing Wells Fargo toppled its chairman and chief executive Wednesday, as John G. Stumpf announced his departure from the company, effective immediately. The move was a swift and stunning fall for an executive whose bank made it ...
Posted: October 12, 2016, 2:13 pm

WATCH: Sen. Elizabeth Warren Grills John Stumpf

Sen. Elizabeth Warren, D-Mass., grilled Wells Fargo CEO John G. Stumpf on Tuesday during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill over a scandal on fake accounts and fraud within the bank. Wells Fargo opened some 2 ...
Posted: September 20, 2016, 4:52 am
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