New York — Wells Fargo & Company’s leaders have been chastened by protesters, regulators and both chambers of Congress. Now shareholders will have their say. On Tuesday, investors will decide whether to gut the board, object to executive payouts or demand more changes after authorities found employees opened legions of unauthorised accounts for customers. Or, investors may trust new CEO Tim Sloan and chairman Stephen Sanger that problems are being handled. It is high stakes for an unusual scandal. While damages to clients were relatively small — once calculated at about $3m in fees on unauthorised accounts — the look inside branches struck nerves. Stories of tellers struggling to hit untenable goals to keep jobs, clients finding mystery dings on credit reports and bosses ignoring — or even encouraging — abuses over a decade prompted hearings in Capitol Hill, a leadership shakeup and executive pay cuts. The bank has spent at least $445m on fines, remediation, consultants and civil li...
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