His tenure at any company is 5 years or less.
We are on year 4 and the regulatory sharks are circling.
Daley leaving is the final nail in the coffin - hes out by end of year.
"One of the latest leadership changes underway is the planned retirement of Mary Mack as CEO of consumer and small business banking. She will be succeeded next month by Saul Van Beurden, who is the bank’s head of technology. He joined Wells in 2019, coming from JPMorgan Chase.
"Our No. 1 priority continues to be building a risk and control infrastructure appropriate for a company of our size and complexity," Scharf said. "I'm frequently asked why our risk and regulatory work is not complete.
"Simply said, the work to build the appropriate risk and control infrastructure and close consent orders takes years, when managed effectively," Scharf said, adding that the decision on lifting a Fed-imposed asset cap on the bank is entirely in the hands of regulators."
https://www.bizjournals.com/sanfrancisco/news/2023/04/26/wells-fargo-ceo-charlie-scharf-on-fixing-the-bank.html