- Bank has dealt with string of scandals, exit of CEO last month
- Chair says CEO search underway, no updates until decision made
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Wells Fargo & Co.’s critics stormed its annual meeting in Dallas, vowing to keep pressure on the bank even after the resignation of its chief executive officer. Investors, however, showed they’re ready to move on.
Interim Chief Executive Officer C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening remarks at the gathering on Tuesday, with hecklers shouting “frauds” and “criminals” at the bank’s leaders. “Wells Fargo, you cannot be trusted,” one activist yelled.