Warren: Wall Street Won't Change Until We Change It

The transcript discusses the controversy surrounding executive pay at Wells Fargo, focusing on the board's role in deciding whether to claw back bonuses from executives involved in fraudulent activities. The chairman of the board is questioned about his stance on influencing the board's decisions and his accountability in the matter. The conversation highlights the compliance officer's responsibility and the financial gains executives received from cross-selling practices. The discussion concludes with a call for change in Wall Street practices, emphasizing the need for accountability and reform.

In what way does the chairman express his views on the performance bonuses related to cross-selling?

What criticism does the speaker make about the relationship between Wall Street and the executives?