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Visa CEO Can't Hack It In San Fran, Too Far From Family

Visa CEO Charlie Scharf is stepping down, saying he needs to spend more time with this family on the East Coast of the United States -- and away from Visa's San Francisco headquarters.

Visa (V), which is based in the Bay Area, made the announcement Monday afternoon.

"My decision is entirely personal," Scharf said on a call with investors, noting that he and his wife have "worked hard to spend time with our daughters."

Read the whole story at CNN Money »

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