New Wells Fargo CEO brings Wall Street swagger to storied bank

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Charles Scharf will make his public debut as Wells Fargo & Co’s chief executive during the bank’s quarterly earnings call on Tuesday, and those ...

REUTERS: Charles Scharf will make his public debut as Wells Fargo & Co’s chief executive during the bank’s quarterly earnings call on Tuesday , and those who have worked with him in the past say he is likely to strike a much different chord than his predecessors.

"His bedside manner needs improvement," said RBC Capital Markets analyst Gerard Cassidy, who interacted with Scharf at BNY Mellon. A Reuters review of a dozen transcripts for conference calls Scharf led in previous jobs offered a glimpse of his tendencies. He started sentences with phrases like, “As I've said many times," or “As I know you already know," when he seemed to think questions were repetitive. He frequently directed analysts to do their own math, rather than offering guidance.

 

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