Wells Fargo & Co. (WFC) director Enrique Hernandez Jr. will step down from the company’s board in April, following the costliest scandal in the U.S. bank’s corporate history and an order by the Federal Reserve to improve risk-management and oversight.
But Hernandez, the 62-year-old majority owner of a private-security company he took over from his father, could keep getting riches from his board tenure long after he’s gone.
