- Reuters
Wells Fargo investors approve executive pay, CEO underscores risk controls
Wells Fargo shareholders on Tuesday approved its plans for executive compensation with a majority vote, including hiking CEO Charlie Scharf's 2023 package to $29 million. Scharf told investors at the bank's annual meeting that it is investing in risk and control infrastructure, which became top priorities after a 2016 scandal in which employees had opened millions of fraudulent accounts, often to meet sales goals. "Our control environment has become increasingly stronger to numerous internal metrics and shows that the work is clearly improving in our control environment but we will not be satisfied until all of our work is complete," Scharf said.
- Reuters
Enbridge selects contractors for its Great Lakes Tunnel Project
The Great Lakes Tunnel will link Michigan's peninsulas, providing a secure route for Enbridge's Line 5 pipeline. Barnard, based in Bozeman, Montana, and CBNA, based in Miami, Florida, will collaborate with Enbridge to construct the tunnel for the State of Michigan, the statement said. The contract was granted after Enbridge initiated a request for proposal (RFP) process in early 2022.
- ProFootball Talk on NBC Sports
Kansas works on pitch to get Chiefs to leave Missouri
If the Chiefs move, they might not be moving far.
