Wells Fargo CEO Stumpf steps down after fake accounts scandal

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

“2011 and Beyond” - What you are seeing, and why - Jan 16, 2011 (Kryon channelled by Lee Carroll) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

"The Great Escape" - Mar 11, 2017 (Kryon Channelling by Lee Carroll)

“… The Fall of Many - Seen It Yet?

You are going to see more and more personal secrets being revealed about persons in high places of popularity or government. It will seem like an epidemic of non-integrity! But what is happening is exactly what we have been teaching. The new energy has light that will expose the darkness of things that are not commensurate with integrity. They have always been there, and they were kept from being seen by many who keep secrets in the dark. Seen the change yet?

In order to get to a more stable future, you will have to go through gyrations of dark and light. What this means is that the dark is going to be revealed and push back at you. It will eventually lose. We told you this. That's what you're here for is to help those around you who don't see an escape from the past. They didn't get their nuclear war, but everything else is going into the dumper anyway. … “

Thursday, October 13, 2016

Wells Fargo CEO Stumpf steps down after fake accounts scandal

Yahoo – AFP, October 13, 2016

John Stumpf, Chairman and CEO of the Wells Fargo & Company, testifies
before the House Financial Services Committee September 29, 2016 in
Washington, DC (AFP Photo/Mark Wilson)

New York (AFP) - Embattled Wells Fargo chairman and CEO John Stump has retired with immediate effect following a sham accounts scandal, the San Francisco bank announced Wednesday.

Stump’s departure from the US commercial and retail banking giant capped mounting public outrage after the bank admitted last month that employees had opened millions of deposit and credit card accounts in customers' names without their knowledge in order to meet sales quotas.

Lawmakers in Washington had called for Stumpf's resignation, repeatedly castigating him in public hearings for stealing from customers and pressuring low-level employees to meet unrealistic sales targets, all while touting the results to investors.

Wells Fargo settled with US regulators

and the City of Los Angeles last month for
about $190 million in fines and restitution

(AFP Photo/Frederic J Brown)

"While I have been deeply committed and focused on managing the company through this period, I have decided it is best for the company that I step aside," Stumpf said in a statement.

Stumpf had said publicly in mid-September that he would not resign.

The bank last month settled with US regulators and the City of Los Angeles for about $190 million in fines and restitution, a sum that did not reflect the magnitude of the scandal's effect on the bank, which has seen officials in Illinois and California suspend ties with it.

Wells Fargo announced last month that Stumpf would forfeit $41 million in compensation and receive no bonus for the year.

The bank told AFP on Wednesday that Stumpf would also not receive any severance payment.

Stumpf will be succeeded as CEO by president and chief operating officer Tim Sloan, a 29 year veteran of the company.

"My immediate and highest priority is to restore trust in Wells Fargo," Sloan said in a statement.

"We will work tirelessly to build a stronger and better Wells Fargo for generations to come."

Stephen Sanger, Wells Fargo's lead director, will serve as the board's non-executive chairman.

Wells Fargo shares rose 2.1 percent in after hours trade following the announcement.

The activist organization Public Citizen noted Wednesday that, while the bank had fired more than 5,000 employees accused of wrongdoing, Stumpf was allowed to retire.

"Those fired employees didn't receive golden parachutes and CEO John Stumpf shouldn't either," the organization's president Robert Weissman said in a statement, calling for federal authorities to press ahead with criminal probes.

"Americans are beyond sick and tired of big banks and their executives escaping accountability."

Stumpf's ouster represents a scalp for the bank's critics on Capitol Hill. Senator Elizabeth Warren, who has campaigned for stronger oversight of the US financial sector, accused him of "gutless leadership" and calling on him to step aside.

Stumpf had been with the company for more than three decades, having joined Norwest Bank in 1982 prior to its merger with Wells Fargo.

He became CEO in 2007 on the eve of the financial crisis. But he leaves the bank in a difficult state. Prior to the scandal, Wells Fargo had been the world's largest bank by market value. But shares in the company have fallen more than 9 percent following the September settlement, closing Wednesday at $45.32 in New York.

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Thursday, October 13, 2016

Wells Fargo CEO Stumpf steps down after fake accounts scandal

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