6 days ago
- Business
- Wall Street Journal
Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom
Champagne flowed outside of the high-rise corner office of Wells Fargo WFC -0.36%decrease; red down pointing triangle CEO Charlie Scharf on Tuesday after regulators lifted a yearslong penalty that restricted the bank's growth.
The suggestion for the C-suite celebration came from the bank's general counsel, Ellen Patterson, a surprise to Scharf because of her normally straight-laced nature. Scharf and the other executives toasted and took photos together at their Manhattan office. Chief Operating Officer Scott Powell, who was in Tuscany, was photoshopped in later.
