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Wells Fargo & Co. general counsel Allen Parker had just arrived at his office and was taking off his jacket when he received an urgent cellphone call from CEO Tim Sloan. A big class action lawsuit over Wells Fargo’s phony account scandal was about to settle, Sloan told him, and Parker needed to get a grasp of the case immediately. The GC, who joined the bank in March, had only been on the job a few days. He barely knew what Sloan was talking about. “I did not get much of a period to break in,” Parker recalls. “I had to learn very quickly the general lay of the land.”
senior reporter at ALM since 2004; based in Florida; covers general counsel and white collar crime; contact: email@example.com