Last October, Visa Inc (NYSE: V) CEO Charlie Scharf abruptly announced he would be resigning, effective December 1st. Scharf expressed a desire to return to the east coast to spend more time with his family. He did not believe it was fair to his family or Visa shareholders to continue leading the San Francisco-based company. Visa management immediately announced Alfred Kelly, Jr., a longtime executive with American Express Company and current Visa board member, would be replacing Scharf as CEO.