What's distinctive about the South: "The South has a tradition," Said Gurganus, "Of attempting the impossible at great cost, proudly celebrating the failure, and in gaining admiration for the performance."
Other executives described coping with decreasing sales and market share, employee layoffs and terminations, poor employee performance, failure to respond to changes in the marketplace, inability to grow their business, increasing competition, and managing conflict.
Wells Fargo's revised policy takes back unpaid compensation awards in the event of misconduct, material error, failure to supervise or in the event the company or an individual executive's business group has a material downturn in financial performance or failure of risk management.