75 million shares of Wells Fargo stock,” Warren said

Elizabeth Warren grilled Wells Fargo CEO John Stumpf in a blistering exchange where she accused him of “gutless leadership.”In two turns behind the microphone, Warren, D Mass., excoriated Stumpf, repeating questions to try to get him to answer them, turning the bank’s own words against him, and using the opportunity to make a moral case for banking reforms. But Warren turned that line of questioning personal, suggesting the “cross selling” strategy that prompted some employees to make the phony accounts enriched Stumpf’s own stock portfolio.”While this scam was going on, you personally held an average of 6.75 million shares of Wells Fargo stock,” Warren said. “The share price during this time went up by about $30, which comes out to more than $200 million in gains, all for you personally,” Warren said.Warren’s plain language questions, context setting remarks and call for tough penalties show why she has become such a feared figure among Wall Street executives.

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