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And don’t miss Gillian Tan on a Charlie Munger misfire: “On Wednesday, Berkshire Hathaway Inc.’s vice chairman Charlie Munger -- Warren Buffett’s business partner -- made some tone-deaf comments about the scandal-plagued lender. Among them? That it’s time for regulators to let up on the bank, and that “practically everyone” makes the types of mistakes that it did, like offering employee incentives that are “too strong in one direction” and responding slowly to bad news when it hits. His rationale seems to be that Wells Fargo and its customers will wind up better-placed than they were before the scandals broke.”

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

To contact the author of this story: Max Nisen in New York at

To contact the editor responsible for this story: Mark Gongloff at

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