Key person risk is often found in financial filings. Stitch Fix founder Katrina Lake was recently removed as CEO of the company. She has some incentives to find her replacement if she doesn't like it. The SEC filing says that there will be no change in her annual base salary, which is currently $80,000.
What does it say when a market leader steps back from….leading?
(0:21) Asit Sharma discusses: - Wells Fargo, once the biggest player in mortgages, announces it is making a strategic shift - The role that the current state of housing plays in Wells Fargo's decision - Our brand new podcast, Stock Advisor Roundtable
(10:15) Tim Beyers and Tim White take a closer look at "key person risk".
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Stocks discussed: WFC, CRM, SFIX, GOOG, GOOGL
Host: Chris Hill Guest: Asit Sharma, Tim Beyers, Tim White Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
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