All Wells Fargo & Co. board members were reelected Tuesday at the company’s annual meeting, though with markedly lower support than in previous years. “I have to imagine [board members] understand these results are atypical.”The results are preliminary and final results will be disclosed in a regulatory filing. Several major shareholders announced earlier they had voted against many of the board members. In a statement Friday, CalSTRS, which owns nearly 10 million Wells Fargo shares, said it had voted against nine board members, including Sanger. The firm also recommended voting against board members Chen and Swenson, saying they serve on too many other corporate boards.

Source: Los Angeles Times April 25, 2017 15:58 UTC