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Tuesday, September 27, 2016

Wells Fargo’s CEO Forfeits $41 Million in Fight to Keep His Job

Wells Fargo & Co. Chief Executive Officer John Stumpf, fighting to keep his job amid a national political furor, will forgo more than $41 million of stock and salary as the bank’s board investigates how employees opened legions of bogus accounts for customers.

It’s a swift turn for one of the industry’s most exalted leaders, marking the biggest forfeiture of compensation from a major U.S. bank chief since at least the 2008 financial crisis. But it may not be enough to spare Stumpf another lashing when he returns to Capitol Hill on Thursday. Last week, Senator Elizabeth Warren demanded he resign for “gutless leadership” after he blamed abuses on low-wage employees.

WE REMEMBER: Singer/Producer Kashif Has Died. He was 59

We are absolutely devastated to inform SoulTrackers of the death of singer, songwriter and producer extraordinaire, Kashif, at age 58. In a year that has been relentless in what it has taken from us, the death of this musical renaissance man at an age so young is particularly cruel. Kashif was known to the world not only for his string of hits as an artist such as "I Just Got To Have You (Lover Turn Me On)" and "Stone Love," but also for his period as the hottest producer in R&B music.

FactChecking the First Debate

LONG ISLAND, N.Y. — The first presidential debate between Democrat Hillary Clinton and Republican Donald Trump certainly kept fact-checkers busy. The less-than-accurate claims included:

‘The Strain’ to End After Season 4 on FX

Currently in the midst of its third season, “The Strain” will return with Season 4 in summer 2017, marking the final set of episodes for the thriller from Guillermo del Toro, Chuck Hogan and Carlton Cuse.

Ending the series after four seasons was a creative decision made by the producers, according to a statement released on Tuesday by Nick Grad and Eric Schrier, presidents of original programming for FX Networks and FX Productions, and another statement from Cuse, who said the original intent was for “The Strain” to last only three seasons.

The MEDIA thought Trump’s first 30 minutes were his best. They were his worst.

Editor’s note: The opinions in this article are the author’s.

The press needs to do its job, not the voters’ job.

Here is the conventional wisdom about last night’s presidential debate, as I understand it. Hillary Clinton won in a rout, but that’s largely because Donald Trump flagged after an excellent first 30 minutes in which he hammered away at his strongest issue: trade.

“Donald Trump won the first 25 minutes of the first presidential debate,” writes Ross Douthat at the New York Times, in a representative piece. “He was too bullying and shout-y, too prone to interrupt, but he seized on an issue, trade, where Hillary Clinton was awkward and defensive, and he hammered away at his strongest campaign theme: linking his opponent to every establishment failure and disappointment, and trying to make her experience a liability rather than a strength.”