Keeping above the subprime mess
Banks have made bad decisions and lost billions in the credit crunch. In this installment of Conversations from the Corner Office, Kai Ryssdal talks with Wells Fargo CEO John Stumpf about how his bank has been riding out the subprime storm.
Wells Fargo & Company CEO and President John Stumpf. (Courtesy of Wells Fargo)
More on Conversations from the Corner Office
Links
EXECUTIVE SNAPSHOT
Who: Wells Fargo & Company CEO and President John Stumpf.
Education: Stumpf earned a bachelor's degree in finance from St. Cloud State University and an MBA from the University of Minnesota.
What you may not know: Stumpf works out the stress of being CEO doing yoga twice a week.
Comments
Comment | Refresh
From anaheim, CA, 06/02/2009
Over 2 1/2 months ago I tried to refinace 1 of my investment prop. They turned down the loan and I'm still trying to get the $350.00 apprasial fee back. They must need it more than me. Comon give it back ! I've called and talked to 3 people and spent over 3 hrs on hold already. Your taking my tax money thats enough !
From Irving, TX, 02/13/2009
After listening to this today, Feb. 13, 2009, I think you ought to have him back on considering Wells Fargo has accepted the "citizens" bail out money. Thank you.
From Pepperell, MA, 10/25/2008
I've listened to your interview. I would like to talk to you personally about this subject.
978-502-6783
From san diego, CA, 06/10/2008
Regarding CEO's comment on the subprime's mess, taking no responsibility abt the current mortgage mess. I would like to hear his opinion abt current customers who are loosing their homes because WellsFargo is not willing to make sensible modification to their loans after knowingly packaging those teaser loan rates?
GOODBYE
From solana beach, CA, 06/10/2008
No question: best bank in the world!
From Chevy Chase, MD, 06/10/2008
John Stumpf was a disciplined corporate spokesperson. "We don't comment on that." Kai had one of best responses I've heard from a journalist, "Well, how about commenting on this - what's you think when you heard ..." You've had some tough customers, big egos who want to see things their way, and you do a great job of not being intimidated and pursuing your irreverent to-the-point questions that get straighter answers. Good work.
Post a Comment: Please be civil, brief and relevant.
Email addresses are never displayed, but they are required to confirm your comments. All comments are moderated. Marketplace reserves the right to edit any comments on this site and to read them on the air if they are extra-interesting. Please read the Comment Guidelines before posting.
You must be 13 or over to submit information to American Public Media. The information entered into this form will not be used to send unsolicited email and will not be sold to a third party. For more information see Terms and Conditions and Privacy Policy.