This will leave many, especially investors taking an interest as to why? In a press release Wells Fargo citing personal reasons.
Atkins’ retirement is unrelated to the company’s financial condition or financial reporting.
“We understand Howard’s decision to retire after having served Wells Fargo successfully for nearly ten years and after having had a financial services career that has spanned four decades. His tenure included Wells Fargo’s rise from a super-regional industry leader to the global company that it is today following its 2008 acquisition of Wachovia,” said John Stumpf, the company’s chairman, president and chief executive officer. “He leaves behind a Wells Fargo that remains financially strong and wholly committed to its strategy of helping all its customers succeed financially.
Other executive’s that left abruptly are Fidelity National Information Services Inc.’s Lee A Kennedy back in March 3, 2010. FIS announcement states, “in order to devote more time to outside interests.” and most recent this year on January 22,2011 came time for MERSCORP’S CEO R.K. Arnold departure.
They may have retired, but surely their names will be mentioned from time to time in the near future.
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Perhaps they are afraid to give damages to property owners whom they have treated terribly, which should be minimum of a million. DAMAGES!!! Forget the loan mod. Yep. The CEO’s want to keep the millions for themselves.