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Posted To: Pipeline Press

Wells Fargo’s continuing saga continues with the resignation of its CEO Tim Sloan over opening accounts without customer’s permission. “Fortunately” this time it was not for mortgage-related issues, and Allen Park, Wells’ SVP and general counsel, steps in temporarily until a CEO from outside the company is found. Wells recently awarded Sloan a 5 percent pay raise, to $18.4 million a year. Speaking of comp, NASA scientists will pay you $19,000 to stay in bed two months. Comp is relative, and originators around the country are seeing their pay, and jobs, change. (The latest STRATMOR blog is, “Changes in the role of the LO and Their Compensation.” ) Lastly, do you pay your employees in old-fashioned dollars? In Japan (not exactly known for its thriving…(read more)

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