John Stumpf Net Worth, Age, Height, Bio, Birthday, Wiki!
Explore John Stumpf net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is John Stumpf? Who is John Stumpf dating now & how much money does John Stumpf have?
John Stumpf Biography
John Stumpf is one of the most popular and richest Executive who was born on September 15, 1953 in Pierz, Minnesota, United States.
In 1982, Stumpf joined Northwestern National Bank, the flagship bank of Norwest Corporation. He worked in the loan administration department and then became senior vice president and chief credit officer for Norwest Bank, N.A., Minneapolis. He held a number of management positions at Norwest Bank Minneapolis and Norwest Bank Minnesota before assuming responsibility for Norwest Bank Arizona in 1989. He was named regional president for Norwest Banks in Colorado/Arizona in 1991. From 1994 to 1998 he was regional president for Norwest Bank Texas. During his four years in that position, he led Norwest’s acquisition of 30 Texas banks with total assets of more than $13 billion.
Norwest merged with Wells Fargo in 1998. Although Norwest was the nominal survivor, the merged bank retained the Wells Fargo name. Stumpf became head of Wells Fargo’s Southwestern Banking Group (Arizona, New Mexico and Texas). Two years later he became head of the new Western Banking Group (Arizona, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming). In 2000, he led the integration of Wells Fargo’s acquisition of the $23 billion First Security Corporation, based in Salt Lake City. In May 2002, he was named Group EVP of Community Banking. In December 2008, he led one of the largest mergers in history with the purchase of Wachovia.
| Name | John Stumpf |
| First Name | Jordan |
| Last Name | Murch |
| Occupation | Executive |
| Birthday | September 15 |
| Birth Year | 1953 |
| Place of Birth | Pierz |
| Home Town | Minnesota |
| Birth Country | United States |
| Birth Sign | Virgo |
| Full/Birth Name | |
| Parents | Elvira Stumpf, Herb Stumpf |
| Siblings | Steve Stumpf, Joel Stumpf, Jessie Stumpf, Claude Stumpf |
| Spouse | Ruth Spanier |
| Children(s) | Not Available |
Ethnicity, religion & political views
Many peoples want to know what is John Stumpf ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, John Stumpf's ethnicity is Not Known. We will update John Stumpf's religion & political views in this article. Please check the article again after few days.
Stumpf became CEO of Wells Fargo in June 2007 and its chairman in January 2010. In 2012, Stumpf’s total compensation was $22.87 million with a base salary of $2.8 million, $3,300,000 in cash bonuses, $12.5 million in stock granted, and $15,000 in other compensation.
John Stumpf Net Worth
John Stumpf is one of the richest Executive from United States. According to our analysis, Wikipedia, Forbes & Business Insider, John Stumpf's net worth $5 Million. (Last Update: December 11, 2023)
John Gerard Stumpf (born September 15, 1953) is an American business executive and retail banker. He is the former chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf left the positions of chairman and CEO of Wells Fargo on October 12, 2016, following a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.
| Net Worth | $5 Million |
| Salary | Under Review |
| Source of Income | Executive |
| Cars | Not Available |
| House | Living in own house. |
Stumpf stepped down as CEO and chairman of the board on October 12, 2016. In February 2018, Janet Yellen, on her last day as Chair of the Board of Governors of the Federal Reserve System (2014-2018), approved a strongly worded critical letter to Stumpf to emphasize his failures as co-chair of Wells Fargo board of directors. The letter, signed by Michael Gibson, Director of the Division of Supervision and Regulation, cited Stumpf’s complicity in ignoring the bank’s poor risk management programs, and failure to initiate any serious investigation into its sales practices.
In September 2016, Wells Fargo was fined $100 million by the Consumer Financial Protection Bureau, $50 million by the Office of the Comptroller of the Currency and $35 million by the city and county of Los Angeles, for opening two million checking and credit-card bank accounts without the consent of its customers. He was grilled by angry lawmakers on Capitol Hill in hearings before the U.S. Senate Banking Committee as well as the House Financial Services Committee. He was accused of cross selling customers multiple accounts fraudulently when they did not need them, and using those results on quarterly reports for larger returns on Wells Fargo stock holdings. On September 27, The Wall Street Journal reported that the board was considering cutting back on compensation for Stumpf and former retail banking head Carrie Tolstedt. Two days later, Stumpf again appeared before Congress, declaring his intent to forfeit at least $41 million in pay. He also testified that Wells Fargo will drop its sales incentive program by the end of the week. On January 23, 2020, Stumpf agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in the fake account scandal.
Height, Weight & Body Measurements
John Stumpf height Not available right now. Jordan weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
Stumpf served as director of National Association since June 27, 2006 and a Member of Litigation Committee at Visa Inc.
Who is John Stumpf Dating?
According to our records, John Stumpf married to Ruth Spanier. As of December 1, 2023, John Stumpf’s is not dating anyone.
Relationships Record: We have no records of past relationships for John Stumpf. You may help us to build the dating records for John Stumpf!Facts & Trivia
Jordan Ranked on the list of most popular Executive. Also ranked in the elit list of famous people born in United States. John Stumpf celebrates birthday on September 15 of every year.
What happened to John Stumpf?
John Stumpf, former chairman and chief executive officer of Wells Fargo, is banned for life from the banking industry over the bank’s 2016 fake accounts scandal.
How much money did John Stumpf make at Wells Fargo?
He collected more than $60 million of salary and bonuses during his years at the San Francisco-based firm.
What did John Stumpf do?
Ex-Wells Fargo CEO John Stumpf and his former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission with misleading investors about the bank’s success in selling multiple products to customers.
How old is John Stumpf?
68 years (September 15, 1953)
Did anyone go to jail for the Wells Fargo scandal?
Yet there were no prosecutions resulting from the mortgage-backed securities debacle that arose in 2007. Some banks did agree to multibillion-dollar settlements, but no one was jailed. Now, after Well Fargo workers fraudulently created 2 million customer accounts, the top executives seem unaffected.
You may read full biography about John Stumpf from Wikipedia.
