Susan Schmidt explains how a Wells Fargo CEO is able to retire with a hefty payday

John Stumpf, chairman and CEO of Wells Fargo, testifies about the unauthorized opening of accounts by Wells Fargo during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, September 20, 2016. ( SAUL LOEB/AFP/Getty Images)

John Stumpf, chairman and CEO of Wells Fargo, testifies about the unauthorized opening of accounts by Wells Fargo during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, September 20, 2016. ( SAUL LOEB/AFP/Getty Images)

Senior VP, senior portfolio manager, and research analyst at Westwood in Dallas, Susan Schmidt joins Roe Conn and Anna Davlantes to explain how John Stumpf is able to retire from Wells Fargo and retain more than $100 million in stock, plus 401(k) benefits exceeding $24 million.

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