3 ms·
Bravo to the directors for waking up. Any time there's a long-serving CEO of a big public company, it's as if the directors have been chloroformed. They general
by GCA10 10y ago
Bravo to the directors for waking up. Any time there's a long-serving CEO of a big public company, it's as if the directors have been chloroformed. They generally show no ability to question the boss, let along hold him/her accountable for anything.
Most of the other boards that should be waking up ... probably won't. But at least they've got a reminder that it's possible.
- infinite8s 10y agoHe's also chairman of the board. Not sure if he's relinquishing that role.
- dredmorbius 10y agoI'm pretty sure he is. Though NYT doesn't quite say so directly. http://www.nytimes.com/2016/10/13/business/dealbook/wells-fargo-ceo.html?ref=business http://www.nytimes.com/2016/10/13/business/dealbook/wells-fa...