Wells Fargo CEO Stumpf Forfeits $41 Million in Pay

The transcript discusses the unprecedented nature of financial events involving bank CEOs, particularly focusing on Wells Fargo's clawback policy. It explores how clawbacks are used to discipline employees and the public and lawmakers' reactions to these measures. The discussion also touches on broader implications for the banking industry, highlighting public anger and the perception of financial practices.

What challenges does the CEO of Wells Fargo face moving forward?

Discuss the public perception of Wells Fargo's actions in light of past scandals.