United Way of Central Maryland CEO Mark Furst thinks that Wells Fargo Bank has been good for Baltimore, and he may well be right (Readers respond, Sept. 20). But I have one problem with them, and it involves the pay and bonuses for their executives.
First, if you had any money left after the disastrous last few years and put it into a savings account at Wells Fargo (or any bank, for that mater), you would receive 0.1 percent or less in interest! On the other hand, the CEO of Wells Fargo was paid $53 million last year. (And that was just the CEO; doubtless if you include all the other highly paid executives of that bank, it runs into the hundreds of millions of dollars.)