Re:Buffett assails Wells Fargo, defends 3G at wide-ranging m...
by rectang on Saturday May 06, 2017 @10:57PM
(#14283611)
This "incentivized the wrong type of behavior," and
former Chief Executive John Stumpf, who lost his job
over the scandal, was too slow to fix the problem,
Buffett said.
At least Buffett said something, but Stumpf still rode off into the sunset with a nine-figure take.
Still, Buffett's support of current management and board
was key to ensuring the re-election of the entire board
last month.