Analysts Predict Difficult Job Ahead for Wachovia's New CEO
Today is the second day on the job for new Wachovia CEO Robert Steel. As the company's stock price continues to suffer as a result of bad mortgages acquired as part of Golden West Financial two years ago, analysts say Steel has a difficult job ahead in returning the company to profitability. WFAE's Scott Graf spoke with one of those analysts, Robert Patten of investment company Morgan Keegan. Scott began by asking what advice the analyst would offer Robert Steel.