The scandal-ridden bank says Scharf will assume the chief executive role, effective Oct. 21, ending months of searching for a new leader.
's selection of veteran banking leader Charles Scharf as its new CEO a "brilliant move."
"This was a job that was offered to Charlie a while ago. And Charlie didn't want to take it," Cramer said. "But I think the opportunity was just too great, was my understanding."Scharf will assume the CEO role at the bank, effective Oct. 21. The announcement ends a six-month search in which it seemed nobody wanted take on the challenges of the scandal-ridden bank.
Cramer congratulated Wells Fargo on finally filling the post. "As President Ford would say, 'Their long national nightmare is now over,'" the
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