Narrow Margin
Wells Fargo's Board Can't Relax Yet
The bank's directors best interpret their narrow victory as more of a narrow escape.
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Well, that was exciting but in the end, Wells Fargo 's board survived. Not that it's business as usual.
The bank on Tuesday held its first annual general meeting since its retail-banking scandal, setting up a showdown in which shareholders had a chance to oust the bulk of the bank's board and withhold consent for the appointment of its decades-old auditor.