Questions Raised On Trump Nominee Elaine Chao, Who Sits on Wells Fargo's Board
President-elect Donald Trump's choice for Transportation Secretary, Elaine Chao, sits on the board of embattled Wells Fargo.
Questions are being raised about Elaine Chao, President-elect Trump's nominee for Transportation Secretary. Chao has sat on the board of Wells Fargo since 2011, raising concerns about her oversight at the bank following revelations that the firm set up fake customer accounts. Wells Fargo was fined by regulators for its actions. The Deal's Ron Orol details some of the questions now being asked by governance experts, including whether she should step down from Wells Fargo's board. Chao declined to comment on the story.
