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Tag Archives: berkshire hathaway

Buffett Weighs in on Wells Fargo Scandal

Warren Buffett weighed in on the recent Wells Fargo scandal, which saw its sales reps create fake accounts in order to meet quotas, at a recent Q&A with Berkshire Hathaway shareholders. According to the billionaire, the bank incentivized the "wrong kind of behavior," and CEO John Stumpf should've acted sooner. Buffett also covered the firm's recent earnings report and expected corporate tax cuts.

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