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Wells Fargo Chairman-CEO Power Role Remains Intact.



Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 shareholders on Tuesday voted against a proposal that would effectively bar Chairman and Chief Executive Officer John Stumpf John Stumpf was named President and Chief Operating Officer of Wells Fargo & Company in August 2005. He was elected to Wells Fargo’s Board of Directors in June 2006 and became Chief Executive Officer in June 2007.  from being on the board of directors.

The stockholders voted against a proposal to amend the company's by-laws to require the Chairman of the Board to be an independent director, Wells Fargo said in a statement.

It was the fifth straight year that the proposal has lost, receiving only 40 percent of the vote, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Associated Press.

In a separate vote, shareholders voted against requiring the company to issue semi-annual reports disclosing political contributions and expenses.

In an executive compensation related vote, shareholders approved increasing shares available for awards under the firm's Long-Term Incentive Compensation Plan.

Shareholders also elected 19 nominees to the board of directors and approved KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 LLP LLP - Lower Layer Protocol  as the company's independent auditors for 2009.
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Publication:International Business Times - US ed.
Article Type:Brief article
Date:Apr 29, 2009
Words:139
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