Two members take an arrest at Wells shareholder meeting
Two Iowans arrested at Wells Fargo shareholders' meeting in San Francisco
Family farmer, Latino community organizer among at least 15 arrested at big bank protest in California attended by thousands of people
Iowa CCI member, Wells Fargo shareholder, and family farmer Larry Ginter from Rhodes, IA was arrested Tuesday afternoon along with CCI member Ruth Schultz and fifteen other shareholders from across the country after attempting to speak directly to CEO John Stumpf inside the Wells Fargo annual meeting in San Francisco, CA, while thousands of everyday people protested outside.
Ginter, Schultz, and members of National People’s Action wanted Stumpf to account for Wells Fargo’s awful record on tax dodging, home foreclosures, predatory lending, private prison investment, payday lending and factory farm financing, bank bailouts, record profits and lavish CEO bonuses. Stumpf received $19.8 million in compensation in 2011.
“Stumpf refused to yield the floor so we stood up and spoke out against the big bank’s anti-people agenda and were arrested,” Ginter said. “It’s pretty bad out there in the rest of America, and Wells Fargo needs to realize that they have a responsibility to make life a lot better for a lot of people.”
Schultz and Ginter were among just 25 protesters who successfully made it into the shareholders’ meeting. Wells Fargo reportedly turned away hundreds of other legitimate shareholders with grievances against Wells Fargo. Following their arrest, Ginter and Schultz joined several thousand other protestors outside the shareholders’ meeting.
For a great 99% shareholder take over report back with photos, news visit our friends at National People's Action.