DALLAS: Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members.
Last month, proxy research firm Institutional Shareholder Services advised"cautionary support" of directors who were at the bank prior to 2017. "One of the wonderful things about shareholder democracy is that we have meetings like this," said Parker as the activists were escorted out.NACA CEO Bruce Marks, who has a history of protesting at bank shareholder meetings, helped members buy individual shares so they could attend the meeting, he told Reuters.
The demonstrators spoke about fair lending practices, African American homeownership and fake accounts. Some called Wells Fargo executives"frauds" and said the bank could not be trusted.
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