India’s E-Commerce Battle Heats Up
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 10 April 2017
⏱️ 22 minutes
🧾️ Download transcript
Summary
Microsoft, eBay and Tencent just invested $1.4 billion in FlipKart, the leading e-commerce business in India. Jason Moser and Taylor Muckerman analyze FlipKart’s battle against Amazon. Plus, we discuss Wells Fargo’s board of directors clawing back $75 million from executives and United Airlines clawing a paying customer from his seat.
Transcript
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| 0:00.0 | Support for market foolery comes from Rocket Mortgage by Quicken Loans. |
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| 0:14.3 | It's Monday April 10th welcome to market foolery. I'm Chris Hill joining me in |
| 0:20.2 | studio today for a million dollar portfolio Jason Moser and from stock |
| 0:23.7 | advisor Canada Taylor Markerman happy Monday gents. |
| 0:26.8 | Hey too. This is one of those we should have class outside kind of days. |
| 0:31.0 | It really is it is so nice so let's you know what? Let's bang out |
| 0:34.0 | this episode so we can go hang out outside because it is a gorgeous spring day here in |
| 0:40.3 | Alexandria, Virginia. We're going to get to the big e-commerce news out of India, and yes, |
| 0:46.7 | of course we're going to talk about United Airlines with the day that they are having. |
| 0:50.4 | But I think we've got to start with a shout out to the Board of Directors at Wells Fargo |
| 0:55.8 | which is a sentence I really never thought I would actually say but in the wake of the |
| 1:00.0 | sales scandal last year the Board of Directors at Wells Fargo is clawing back $75 million in |
| 1:06.3 | compensation from two people, former CEO John Stump and Carrie Tolstettett who was the head of community banking. |
| 1:16.5 | I got to say Jason, I was surprised by this. |
| 1:19.8 | I was surprised that this happened, given the fact that Stump knew about the sales scandal |
| 1:26.5 | back in 2012, didn't really do anything about it for three years, and then it came to light I just assumed that there'd be the |
| 1:37.4 | financial equivalent of a slap on the wrist for both of these people and the |
| 1:40.9 | fact that they're getting 75 million dollars taken away good |
| 1:45.1 | for the board on top of what they already had taken away from them yeah yeah I mean |
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