Berkshire's Munger urges regulators to ease up on Wells Fargo [Reuters]
Daily Journal Corp. (S.C.) (DJCO)
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Source: Reuters
Berkshire's Munger urges regulators to ease up on Wells Fargo | Reuters 3 Min Read Feb 14 (Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co , which was barred this month from asset growth until it addresses a series of problems. Munger spoke at the annual meeting of Daily Journal Corp , the Los Angeles-based newspaper publisher he chairs. CNBC broadcast the meeting on its website. Daily Journal typically draws little attention from investors. But its star attraction was Munger, 94, who has been vice chairman at Buffett’s Berkshire Hathaway Inc for four decades. Berkshire owns close to 10 percent of Wells Fargo. “Of course, Wells Fargo had incentive systems that were too strong in the wrong direction, and of course they were too slow in reacting properly to bad news,” but it will “end up better off” for having made those mistakes, Munger said. “I think it’s time for
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News
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- Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq [Yahoo! Finance]Yahoo! Finance
- Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from NasdaqGlobeNewswire
- ‘Part older brother, part loving father': Warren Buffett insists his departed vice chair, Charlie Munger, was the ‘architect' of Berkshire Hathaway all along [Yahoo! Finance]Yahoo! Finance
- Estimating The Fair Value Of Daily Journal Corporation (NASDAQ:DJCO) [Yahoo! Finance]Yahoo! Finance
DJCO
Analyst Actions
- 3/19/24 - TheStreet
DJCO
Sec Filings
- 4/4/24 - Form 13F-HR
- 2/20/24 - Form 8-K
- 2/15/24 - Form 10-Q
- DJCO's page on the SEC website