Wells Fargo CEO Search Takes Toll on Shares

The transcript discusses the ongoing search for a new CEO at a major bank following Tim Sloan's departure. Despite being a prime job, the position remains unfilled due to the bank's scandals and the challenges of stepping into the spotlight. The bank's stock has underperformed compared to others, raising investor concerns. The board promised a swift and thorough search process, but only the thorough part seems to be happening.

What is one reason potential candidates might hesitate to become the CEO of Wells Fargo?

• The bank is too small.

• The bank is located in a remote area.

• The bank offers low salaries.

• The bank has a history of scandals.

How have internal staff at Wells Fargo reacted to the ongoing CEO search?

• They are very concerned.

• They are leaving the company.

• They are indifferent.

• They are actively protesting.

What has been the general trend in Wells Fargo's stock performance compared to other banks?

• It has significantly increased.

• It has remained stable.

• It has decreased.

• It has outperformed all other banks.

What did the board promise regarding the CEO search process?

• It would be a slow and thorough process.

• It would be a swift and thorough process.

• It would be a swift and superficial process.

• It would be a slow and superficial process.

What aspect of the CEO search process has been fulfilled according to the final section?

• The superficial part.

• The slow part.

• The swift part.

• The thorough part.