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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 pro
by rectang 10y ago
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.
What a joke.