All Wells Fargo directors elected at rowdy shareholder meeting GlobeBusiness
Last month, proxy research firm Institutional Shareholder Services advised “cautionary support” of directors who were at the bank prior to 2017.
About 15 activists were kicked out of the meeting for interrupting Parker’s remarks. He had repeatedly asked them to wait for the question-and-answer segment before having security evict them. “One of the wonderful things about shareholder democracy is that we have meetings like this,” said Parker as the activists were escorted out.
The activists had spoken out about various issues, including fair lending practices, African American home ownership and fake accounts. Some called Wells Fargo executives “frauds” and said the bank could not be trusted. Shareholders also approved executive pay and other management proposals. Two shareholder proposals that were rejected called for transparency about incentive pay and closing of the median gender pay gap.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.
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