Warren Buffett, whose Berkshire Hathaway remains among the largest shareholders of beleagured Wells Fargo, said on Thursday (Sept. 29) that he has not, contrary to one published report by a research firm, been agitating for “radical transformation” at the bank.
The billionaire told CNBC that he has spoken only to CEO John Stumpf and no one else on the company’s board of directors, stating that any other speculation remains “dead wrong.”