By Edward Nasser* Wells Fargo & Co. Chairman and CEO John Stumpf resigned this week, effective immediately, under intense public pressure for the bank’s sales-tactics scandal and his inelegant handling of the fallout. Mr. Stumpf won’t receive a severance package, relinquished $41 million in unvested equity awards, and agreed to forgo salary during an independent … [Read more...] about Is This What Accountability Looks Like?
By Matthew Skurnik* Prosecutors seem to be caught in a bind. Last week, the Manhattan D.A.’s high-profile fraud trial against three former leaders of the now-defunct law firm Dewey & LeBoeuf came to an anticlimactic end with the judge declaring a mistrial. After more than 22 days of deliberation, the jury agreed to acquit on some charges, but deadlocked on the … [Read more...] about A “Blow” to the Office: How We Think About Failed Prosecutions