Wells Fargo CEO Says Ousting Majority of Board Would Be ‘Crazy’
- Board is steeped in bank’s problems, fixing them, Sloan says
- Gutting panel would be “absolutely irresponsible,” he says
This article is for subscribers only.
Wells Fargo & Co.’s new chief executive officer, Tim Sloan, just survived his biggest test yet, when a board investigation found he wasn’t to blame for the bank’s notorious account scandal. But his next is just days away: Persuading investors not to expel much of the board.
His message on that is blunt. Not one person, not one, should get tossed.