Wells Fargo Unit's Leader Departs With $125 Million After Bank Incurs Record Fine

September 14, 2016 1:49 AM

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A Wells Fargo executive's departure with large stock and options holdings has sparked questions, after the division she ran incurred $185 million in penalties.

A federal agency used her Wells Fargo unit as a cautionary tale, imposing the largest fine it's ever levied. Her bank fired some 5,300 employees for acting "counter to our values." But questions are now circulating about the unit's leader, Carrie Tolstedt, who's set to depart her post with $124.6 mi...

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