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by joegosse
3474 days ago
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>Presumably, C-suite people are compensated based on the financial performance of the bank... They were. Many of their performance incentives would have also been tied to WF stock values, which were greatly inflated due to WF's higher than industry average cross sell metrics. Although as you observed many of the accounts were no-fee the company's stock benefitted from these non-revenue improvements |
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