Gary Cohn Says He Won't Lead Wells Fargo

The transcript discusses the speculation around leadership changes at Wells Fargo, focusing on Tim Sloan's tenure and the challenges he faces. Betsy Duke, the chairman, denies rumors of leadership changes, but the bank's underperformance raises questions. The discussion also touches on the potential for an outsider to bring a fresh perspective and the role of Carrie Cone in this context.

What implications does the sensitivity of the chair to the issue of leadership changes suggest?

What considerations are raised about the potential need for an external candidate for leadership at Wells Fargo?