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Berkshire does not want Wall Street ‘making damn decisions’ at Wells Fargo

Berkshire Hathaway vice chairman blames Timothy Sloan’s predecessors for scandals that have badly damaged the bank

Monday, 29 April 2019 at 06:30

Berkshire Hathaway vice chairman Charlie Munger thinks Timothy Sloan should still be running Wells Fargo.

In an interview with The Wall Street Journal, Munger blamed Sloan’s predecessors for the string of scandals that have badly damaged the bank’s reputation. Berkshire, which holds its festival-like annual meeting Saturday, is Wells Fargo’s largest shareholder.