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Wells Fargo Shareholders Get Chance to Mete Out Punishment

  • Investors to vote at annual meeting on whether to gut board
  • That’s after congressional hearings, CEO ouster and pay cuts
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Wells Fargo Shareholders Re-Elect All 15 Board Members

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Wells Fargo & Co. leaders have been chastened by protesters, regulators and both chambers of Congress. Now shareholders will have their say.

On Tuesday, investors will decide whether to gut the board, object to executive payouts or demand more changes after authorities found employees opened legions of unauthorized accounts for customers. Or, investors may trust new Chief Executive Officer Tim Sloan and Chairman Stephen Sanger that problems are being handled.