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Buffett assails Wells Fargo, defends 3G at wide-ranging meeting
- rectang 10y agoThis "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. What a joke.
- wksantiago 10y agoIndeed