Related Stories
Protesters air grievances at Wells Fargo meeting
Key Excerpts from Article on Website of San Francisco Chronicle (San Francisco's leading newspaper)
Posted: May 1st, 2012
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/24/...
Protesters enraged about the country's economic miasma disrupted Wells Fargo's annual summit [on April 24], as shareholders celebrated the bank's record profit and awarded its chief executive a pay package of nearly $20 million. Hundreds of activists - including union members, Occupy activists and people whose homes have been foreclosed - surrounded the Merchants Exchange Building in downtown San Francisco, where about 250 shareholders gathered on the 15th floor to hear details of the bank's 28 percent profit increase last year. Fifteen protesters, allowed into the meeting because they own stock in Wells Fargo, shouted over CEO John Stumpf as he presented a PowerPoint slide show about the bank's $15.9 billion profit last year. Police escorted out the protesters, who were cited for disrupting the meeting and released. It was the bank's involvement in foreclosures ... that brought hundreds of protesters to the meeting. Some came from as far away as Minnesota. They filled the air with lively chants, led by people using loudspeakers set up on a flatbed truck alongside an 8-foot-high, inflated rat smoking a cigar. A protester-built, 10-foot-high mockup of Wells Fargo's signature stagecoach stood in the street, covered with slogans denouncing the bank.
Note: For key reports from reliable sources on Occupy and other protests against the criminal profiteering of banks and other financial corporations, click here.
Related Stories
Latest News
Key News Articles from Years Past
