Stumpf meaning

By Paul Sterman

   

From the Toastmaster magazine January 2016.

As president and chief executive officer of Wells Fargo & Company, John Stumpf is one of the most powerful figures in the banking industry. But his intense fear of public speaking early in his career almost derailed his professional ascent.

As Stumpf wrote in a 2015 essay for Fortune magazine, his boss at the time picked up on that fear. “He said, ‘You’ve got to fix this. If you can’t, that’s a career disabler.’”

So in the mid-1980s, Stumpf joined Toastmasters. As a member of a club in Minneapolis, Minnesota, he transformed over a couple of years from a terrified speaker to a polished and confident one. He’s effusive when describing the experience.

“Toastmasters was the vehicle that saved me,” he says in a recent interview.

"I think about my Toastmasters experiences every time I get up on a stage to speak, every time I’m in front of a camera, every time I’m o

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John G. Stumpf

John Stumpf was the chairman and chief executive officer of Wells Fargo & Co. from January 2010 to October 2016. He led the company through the financial crisis and built it into the world’s most valuable bank. Stumpf resigned as chief executive officer and chairman on October 12, 2016 after it was revealed that employees of the company had opened a large number of accounts for customers who didn’t request them.^[1]

He was named chief executive officer in June 2007 and then became chairman in January 2010. He was elected to Wells Fargo’s board of directors in June 2006. ^[2]

He also serves on the board of directors for The Clearing House, the Financial Services Roundtable, Target Corporation, and Chevron Corporation.

Background

Stumpf joined the former Norwest Corporation (the predecessor of Wells Fargo) in 1982 in the loan administration department and then became senior vice president and chief credit officer for Norwest Bank, N.A., Minneapolis. He held a number of management positions at Norwest Bank Minneapolis and Northwest Ban

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John G. Stumpf

AKA John Gerard Stumpf

Born:15-Sep-1953
Birthplace:Pierz, MN

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business

Nationality: United States
Executive summary: CEO of Wells Fargo, 2007-16

Oversaw Wells Fargo's rapid expansion and acquisition of several smaller banks and financial institutions, and the bank's receipt of a $25B bailout from the Emergency Economic Stabilization Act in 2008. Received about $19M in compensation for 2010.

Father: Herb Stumpf (dairy farmer)
Mother: Elvira Stumpf (mother of 11)
Brother: Claude
Brother: Joel
Brother: Steve
Wife: Ruth Spanier (high school sweetheart, designer, m. 1975)

    High School: Pierz Healy High School, Pierz, MN (1971)
    University: BS Finance, St. Cloud State University (1976)
    University: MBA Finance, University of Minnesota

    Wells Fargo Bank CEO (2007-16)
    Wells Fargo Bank President (2005-16)
    Wells Fargo Bank COO (2005-07)
    Wells Fargo Bank Group EVP