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 was the board's response to the rumors about a leadership change at Wells Fargo?

• They supported the rumors.

• They ignored the rumors.

• They denied the rumors.

• They confirmed the rumors.

What has been a significant challenge for Tim Sloan as CEO of Wells Fargo?

• Expanding into new markets.

• Handling multiple crises.

• Managing the company's public image.

• Increasing the company's market share.

How has Wells Fargo's stock performed under Tim Sloan's leadership?

• It has significantly increased.

• It has underperformed compared to other banks.

• It has remained stable.

• It has outperformed other banks.

What is a potential solution discussed for Wells Fargo's leadership issues?

• Hiring an external candidate.

• Promoting from within the company.

• Reducing the number of board members.

• Merging with another bank.

What is the implication of the board's sensitivity to leadership rumors?

• It is the first time they have heard such rumors.

• They are likely to ignore the rumors.

• They have dealt with similar issues before.

• They plan to make immediate changes.