Warren Buffett, Wells Fargo’s biggest investor, said John Stumpf. the bank’s former CEO, bears blame for an incentive system that encouraged staff to set up bogus accounts and then made matters worse by not fixing the problem.
Warren Buffett, Wells Fargo’s biggest investor, said John Stumpf. the bank’s former CEO, bears blame for an incentive system that encouraged staff to set up bogus accounts and then made matters worse by not fixing the problem. STEPHANIE KUYKENDAL BLOOMBERG NEWS
Warren Buffett, Wells Fargo’s biggest investor, said John Stumpf. the bank’s former CEO, bears blame for an incentive system that encouraged staff to set up bogus accounts and then made matters worse by not fixing the problem. STEPHANIE KUYKENDAL BLOOMBERG NEWS

Warren Buffett says John Stumpf ‘made a hell of a mistake’ at Wells Fargo

November 11, 2016 4:41 PM

More Videos

  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.