SAN
FRANCISCO—(ENEWSPF)—April 24, 2012. In an unprecedented move today, Wells Fargo
CEO John Stumpf denied entry to hundreds of community shareholders. Having been
waiting for hours to attend the corporation’s annual shareholder meeting, the
community shareholders were denied entry by Wells Fargo in an attempt to avoid
answering questions from community members that had planned to attend the
meeting to hold the corporation accountable for its destructive business
practices that profit from communities’ losses.
Wells Fargo restricted
entry to the community shareholders with barricades, claiming they were filled
to capacity while they continued to let in shareholders that were not part of
the protest through a side door. Wells Fargo also packed the room with its own
employees so as to allow no room for additional shareholders to access the
meeting, making inaccurate claims about the meeting room’s capacity.
Outside the meeting,
thousands of people gathered in downtown San Francisco, to confront Wells Fargo
executives at the financial institution’s annual shareholder meeting, demanding
that Wells Fargo CEO John Stumpf and other executives address the concerns of
the 99%. “Wells Fargo’s actions today demonstrate what communities across this
country have been experiencing for years: Wells Fargo is indifferent to the
havoc they are wreaking in our communities and they do not want to be held
accountable,” said Wallace Hill, whose home was foreclosed on by Wells Fargo in
Oakland.
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