Howard Atkins, former Chief Financial Officer of Wells Fargo (NYSE:WFC), reportedly received no shares under the bank's long-term stock bonus program for 2011, according to a securities filing on Monday.
This was despite the fact he officially put off his retirement until August 6 in order that he would qualify for them. A lawsuit in the making perhaps?
If this goes any further, we may finally find out the overall mystery surrounding the stepping down of Atkins as CEO. The original reason was given as personal, and since then some have said he had a falling out with CEO John Stumpf.
CEO John Stumpf received 382,410 shares under the program. David Hoyt, head of wholesale banking, received 207,139 shares.
Mark Oman, head of consumer banking, and David Carroll, head of wealth management, each received 159,338 shares and community banking chief Carrie Tolstedt received 175,271 shares.
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