the device accounts for more than half of apple s quarterly revenue and its success is part of the reason why it s one of the best-performing stocks in the dow this year, up more than 25%, but even more stunning, since its launch apple has sold more than 1 billion iphones. christina alessi, cnn money, new york. with e trade s powerful trading tools, right at your fingertips, you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. it s like having the power of a trading floor, wherever you are. it s your trade. e trade.
million in addition to other claw backs that the bank had already implemented. in total about $180 million clawed back from two former executives, former ceo and head of the retail bank. that is a lot of money. i don t want to minimize that at all, but at the end of the day the board felt pressure, too, because as it s responsible for overseeing the activity of its executives and it s under fire now, too. an independent watchdog came out and said the board lacked oversight over what was happening. it did take some responsibility for just that this morning. as you mentioned, there are other investigations. the sec is looking at that. do we know the justice department? we are not exactly sure of the status of that investigation. as you know, justice doesn t confirm or deny any. right. but there are definitely criminal investigations out there. thank you for the reporting. you can see much more of christina s piece. as if there was not enough drama around the house intel
management. they were witness to what we were doing. i mean, they coached us because they had to sign off on everything. reporter: wells fargo says this is in the past now. its number one priority is rebuilding trust, and the bank has made fundamental changes to reduce the pressure on workers and ensure customers are aware of new accounts opened. banks paid $185 million so far in fines, although it still faces more than a dozen investigations and lawsuits. but just like the financial crisis, jail time for senior executives is unlikely. christina alessi filed that report. she joins me now. we re going to get to this new scathing report in just a moment that just came out. in terms of the responsibility, you have 5300 people at the bank who lost their job because of this. you know, there were a number of people, whistle blowers that called the ethics hotline. nothing happened. you do have four employees at the bank high level who were terminated in all of this, but
after the company publicly and he took credit for that, but ford was not building a new plant there, in fact, they were it was just simply shifting production to an existing u.s. plant and that agreement had been arranged four years earlier in a deal again with the labor union in 2011. so we we re seeing a pattern here, and it s up to the it s up to the companies and up to the ceos to set the record straight and frankly, it s up to us, too, to do that whenever we can. and we will. thank you very much, christina. i appreciate that. i want to bring in my political commentators, john phillips, talk radio host, batarkari sell, l lani chin, and paris denard. what is your reaction to christina s reporting, first, bakari? well, i think that this builds into a larger narrative and the larger narrative is
several companies during the campaign and ford was probably his favorite corporate piniata. he just went after them on twitter and at rallies. it was just incredible. and by the way, a lot of other companies do what ford does in terms of moving production, but you know trump went after ford specifically because it is a big american recognizable brand. yeah, i remember the ceo being on i think with poppy harlow saying they were going to keep the plant. listen, christina, what is ford saying about all of this? they re issuing a pretty corporate statement, their vehicles made at the louisville assembly plant will stay in kentucky and we ll encourage the president-elect trump with new policies that will improve u.s. competiti competitiveness and keep production of this vehicle in