# Professor Irving Schenkler comments on Wells Fargo CEO John Stumpf’s departure

1 Faculty News October 13, 2016 ![CNNMoney logo](/sites/default/files/styles/246w/public/assets/images/con_030743.jpg?itok=5lrpsukl)>

Excerpt from [CNNMoney](http://money.cnn.com/2016/10/13/investing/wells-fargo-fake-acccount-scandal-ceo-resigns/) -- "'The effect on morale has got to be debilitating,' said [Irv Schenkler](http://www.stern.nyu.edu/faculty/bio/irving-schenkler), a professor at NYU Stern School of Business."

[Read more](http://money.cnn.com/2016/10/13/investing/wells-fargo-fake-acccount-scandal-ceo-resigns/)