Berkshire Hathaway Vice Chairman Charlie Munger had a lot to say this week on Wells Fargo’s troubles and past leadership.
Munger’s criticism of Wells Fargo’s prior CEOs Dick Kovacevich and John Stumpf comes just before this weekend’s Berkshire annual meeting in Omaha.
Berkshire has long been the largest shareholder of San Francisco-based Wells Fargo, so any comments from Warren Buffett or Munger about the bank carry a lot of weight.
