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C. Allen Parker has been interim president and CEO of Wells Fargo for just under a month, now. Luckily, it doesn’t take long to find out why America’s bank fixer-upper might have a hard time finding a permanent replacement for the abruptly departed Tim Sloan.

Protesters and activists dominated most of the meeting… Board Chair Betsy Duke and interim Chief Executive Allen Parker faced questions about why investors should vote for the five directors who were at the bank at the time of the wrongdoing…. The demonstrators spoke about fair lending practices, African American homeownership and fake accounts. Some called Wells Fargo executives “frauds” and said the bank could not be trusted.

Thanks to that “interim” tag and ongoing hopeless search, Parker could find the humor in allegations of his dishonesty.

About 15 activists were kicked out of the meeting for interrupting Parker’s remarks…. “One of the wonderful things about shareholder democracy is that we have meetings like this,” said Parker as the activists were escorted out.

And why wouldn’t he think shareholder democracy is wonderful? After all, for some inexplicable reason, Wells investors once again voted to keep the people leading this sinking ship all the way to the bottom of the Pacific.

All the directors were elected with no less than 95 percent approval, according to the preliminary tally. A year ago, directors were elected with 89 percent approval.

All Wells Fargo directors elected as hecklers call executives ‘frauds’ [Reuters]


Wells Fargo Bless this Mess

Interim Wells Fargo CEO Uses Earnings Call To Remind Everyone He's Doing A Great Job That He Hates

C Allen Parker has increased profits despite flat revenue, and he wants out very very badly.

Wells Fargo Bless this Mess

Wells Fargo To Abandon Hope Of Paying A Woman Less Than Her Male Peers To Be CEO/Human Target

C. Allen Parker might be getting the full-time promotion he seems to really not want.

Wells Fargo Bless this Mess

Wells Fargo Considering Just Admitting That No One Wants To Be CEO Of Wells Fargo

The Stagecoach is about to just give up and let its lawyer run the place.

Wells Fargo.Insane

Wells Fargo Pinned Hopes For Mercy On Racist, Was Disappointed

And it would have worked, too, if not for you meddling SJWs.


Elizabeth Warren Rekindles Hate-Hate Relationship With Wells Fargo

America’s least competent bank ripping off former customers is the stuff of the senator’s angry dreams.

Wells Fargo Bless this Mess

Wells Fargo Circling The Wagons Around A Solid CEO Hire, Will Probably Still Screw It Up

Cathy Bessant is at the top of the list, but this IS Wells Fargo.

Wells Fargo.Insane

Wells Fargo Having A Very Wells Fargo Day

Tim Sloan probably hoped having it all drop on Election Day would keep people from noticing, but then Tim Sloan hopes for lots of things that don’t materialize.

Wells Fargo.Insane

How Many Accounts Does Wells Fargo Actually Have?

Is anyone willing to vouch for more than a few dozen?