Warren Buffett says Wells Fargo ‘incentivized the wrong behavior,’ and Charlie Munger says he wishes Tim Sloan was still CEO

  • Berkshire Hathaway CEO Warren Buffett and vice chairman Charlie Munger addressed a question about Wells Fargo at Berkshire’s annual shareholder meeting Saturday.
  • Buffett said the bank appeared to incentivize “the wrong behavior.”
  • Munger said he wished the former bank CEO, Tim Sloan, was still in his post.

Source: Warren Buffett says Wells Fargo ‘incentivized the wrong behavior,’ and Charlie Munger says he wishes Tim Sloan was still CEO

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