Wells Fargo faces shareholders, protesters at annual meeting

Associated Press -------- Wells Fargo's top management and board of directors apologized to investors and faced a series of protesters Tuesday at the first big shareholder meeting since a scandal over sales practices led to an executive shake-up, fines and a dented reputation. Chairman Stephen Sanger said, "We are deeply sorry," as he addressed shareholders. And CEO Tim Sloan called it "unacceptable." That follows apologies already given to customers and employees. Sloan, who got that job in October, has repeatedly talked of making things right with customers. The bank has changed the way it pays branch employees, reclaimed promised compensation to several executives and apologized to customers after regulators imposed $185 million in fines last September. Authorities said Wells Fargo workers opened up to 2 million accounts without customer permission as employees tried to meet aggressive sales goals. To learn more click on the picture below to read the article.