Innovative Wells Fargo chief touts people, diversification

Wells Fargo Chairman and Chief Executive Officer Richard Kovacevich will be the guest speaker at the College of Business (CB) Power Breakfast 7:30-9 a.m. Thursday, April 13, at the Grand Hyatt Seattle. Reservations cost $25 and can be made online at http://events.wsu.edu/powerbreakfast.

Kovacevich’s leadership “is integral to what has been described as ‘the best managed company in U.S. banking’ by Forbes magazine, and his insights into the industry will be very valuable,” said Eric Spangenberg, CB dean.

Kovacevich lists two reasons for the success of 151-year-old Wells Fargo.

“First and foremost, our people. We have the most committed, talented, experienced, innovative and caring people in the industry.

“The second reason is that for 15 years we’ve demonstrated that our business model — diversified financial services, not just banking — and earning all of our customers’ business does work.” The diversified financial services organization is the only one of its kind to earn Moody’s AAA debt rating.

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