Wells Fargo Stronger than Ever

When billionaire investor Warren Buffett speaks, people listen. And his silence over the Wells Fargo scandal has upset a lot of people. His firm, Berkshire Hathaway, has a lot of money invested in the bank, and experts expected Buffett to be quick with a comment about the company’s corruption, distancing himself from the company immediately. This didn’t happen though until very recently. In his comments, he decried the actions of the company as wrong and criticized the incentive program as immoral. However, the bigger issue for Buffett was that good people made foolish decisions. Most notable of these was former CEO John Stumpf, who resigned in October of this year. According to Buffett’s comments to CNN, Stumpf made a big mistake, and then when it was discovered, he didn’t correct it. … Read more