Warren Buffett, Wells Fargo & Co's largest shareholder, urged the bank to l...
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, gestures while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo
- Warren Buffett, Wells Fargo & Co’s largest shareholder, urged the bank to look outside Wall Street for a new chief executive officer, in an interview with the Financial Times on Sunday. “They just have to come from someplace and they shouldn’t come from Wall Street. They probably shouldn’t come from JPMorgan or Goldman Sachs,” Buffett told FT.
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Elizabeth Warren says CEOs should face jail for negligence in scandalsSenator Elizabeth Warren has been a vocal critic of scandal-ridden bank Wells Fargo. And her blistering attacks arguably contributed to the ousters of CEO John Stumpf and his successor, Tim Sloan.
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