Wells Fargo CEO John Stumpf is going to have to leave his gig, it's just a matter of when.
Sen. Elizabeth Warren lambasted Stumpf on Wednesday, calling for his resignation during his Capitol Hill appearance, but along with those calls for him to quit is a simple reality: He's likely out in 2018, no matter what. That year, he turns 65, and under company rules that is when senior executives usually leave the bank, according to a report in The Wall Street Journal.
So one way or another, Wells Fargo will likely be kicking off the hunt for a new CEO at some point in the next 12 months. When that search begins is likely to be influenced in part by Capitol Hill, but also by shareholders in the bank.
One prominent analyst has an idea about who, or at least from where, Wells Fargo's next CEO could come.