They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.

Charlie Munger

Biography

Author Profession: Businessman
Nationality: American
Born: January 1, 1924

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