> Warren Buffett Blog: Warren Buffett confirms speaking with Wells Fargo CEO John Stump

Tuesday, October 4, 2016

Warren Buffett confirms speaking with Wells Fargo CEO John Stump

"It's dead wrong to imply I've spoken to the board directly. Going to the board implies I've gone around Stumpf, the guy who is under fire. I've talked to no one else on the board." 

Warren Buffett's office also confirmed that he talked with Wells Fargo CEO Stumpf once the scandal came to light. According to Buffett, the talk lasted only five minutes, where Buffett said Stumpf might be facing a larger problem than anticipated, and let him know that the fines levied against Wells Fargo were "not a metric to use in determining public reaction."