A major figure at the hearing who was not present was Carrie Tolstedt,
the former head of the retail banking business. She announced in July
that she would retire from the bank this year and is expected to leave
with as much as $125 million in salary, stock options and other
compensation.
And workers making 35k to 65k were sacked.
Not high enough up the chain, senators retorted.
For once, they have that right.
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Stumpf defended the cross-selling of products — trying to draw customers into taking on more — as “deepening relationships.”
Shown here, an octopus “deepens its relationship” with a fish:
the fish was late on his payment. what is an octopus to do?