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Richard Marco Kovacevich (born October 30, 1943) is an American business executive and the former CEO of Wells Fargo & Company. Early life and education [ edit ]
Former Wells Fargo stockholders held 52.5 percent of the newly combined company and former Norwest stockholders held 47.5 percent. Paul Hazen, chairman and CEO of Wells Fargo, become chairman of the merged bank, while Richard M. Kovacevich, chairman and CEO of Norwest, become president and CEO of the new organization.
The head of Wells Fargo, Paul Hazen, was named chairman of the new company, while the head of Norwest, Richard Kovacevich, became president and CEO. However, Wells Fargo retains Norwest's pre-1998 stock price history, and all SEC filings before 1998 are listed under Norwest, not Wells Fargo.
Richard Kovacevich, former CEO of Wells Fargo : "Investment banks ... and commercial banks ... become risky when there is a large proprietary trading. ... This is the activity in which danger ...
With its $924 billion in deposits, Wells Fargo trails only Bank of America when it comes to institutions holding the money of the American public. Wells Fargo is a household name with an ...
The chief executives of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major U.S. retail banks will be grilled this week by lawmakers on a slew of issues, from the state of the ...
Kovacevich is a surname. Notable people with the surname include: Christopher Kovacevich (1928–2010), Metropolitan bishop of Libertyville and Chicago in the Serbian Orthodox Church; Richard Kovacevich (born 1943), retired chairman of the board of directors and previous CEO of Wells Fargo & Company
The Richard Kovacevich Stock Index From January 2008 to December 2012, if you bought shares in companies when Richard Kovacevich joined the board, and sold them when he left, you would have a -4.5 percent return on your investment, compared to a -2.8 percent return from the S&P 500.