Advertisement
YOU ARE HERE: LAT HomeCollectionsRichard M Kovacevich
IN THE NEWS

Richard M Kovacevich

FEATURED ARTICLES
BUSINESS
June 9, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
As a curveball specialist on the Stanford University baseball squad in the mid-1960s, Richard M. Kovacevich couldn't overwhelm batters with speed like his teammate Jim Lonborg did. But Kovacevich compiled an outstanding record in big-time college baseball by using pinpoint control to get batters to hit the ball where his fielders could handle it. Lonborg went on to star for the Boston Red Sox, while Kovacevich, as chairman and chief executive of Norwest Corp.
ARTICLES BY DATE
BUSINESS
March 7, 2006 | From Bloomberg News
Wells Fargo & Co. paid Chief Executive Richard Kovacevich a smaller cash bonus last year as the company's stock price lagged behind those of its peers. Kovacevich, 62, received a bonus of $7 million last year, down from $7.5 million in 2004, San Francisco-based Wells Fargo said Monday in a filing with the Securities and Exchange Commission. His salary was left unchanged at $995,000. The bank's shares rose 1.1% last year, less than the 3.
Advertisement
BUSINESS
September 12, 1998 | LIZ PULLIAM, TIMES STAFF WRITER
The top two executives of the soon-to-be merged Wells Fargo and Norwest banks will receive equal pay and bonuses, but exactly how much is still unclear. In a proxy filed with the Securities and Exchange Commission on Friday, the banks' parent companies said Wells Fargo & Co. chief Paul Hazen, who will become chairman of the combined company's board, will receive salary and bonuses equal to those of Norwest Corp. head Richard M. Kovacevich, who will be president and chief executive.
BUSINESS
March 18, 2005 | From Bloomberg News
San Francisco-based Wells Fargo & Co., the fifth-largest U.S. bank, paid Chief Executive Richard Kovacevich $29.7 million last year. Kovacevich, 61, was paid a $995,000 salary, a $7.5-million bonus, and other compensation totaling $768,376, representing a 2.1% increase over 2003, the company said Thursday in a filing with the Securities and Exchange Commission. Kovacevich also received stock options worth $20.4 million, the filing said.
BUSINESS
March 19, 2003 | From Bloomberg News
Wells Fargo & Co., the biggest U.S. mortgage lender, more than doubled Chief Executive Richard Kovacevich's pay to $8.2 million last year as its earnings and stock climbed. Kovacevich, 59, was paid $995,000 in salary, a $7-million bonus and other compensation totaling $208,956, according to the company's proxy statement filed with the Securities and Exchange Commission. In 2001, Kovacevich earned $3.9 million and was granted options that could be worth as much as $75.2 million.
BUSINESS
March 18, 2005 | From Bloomberg News
San Francisco-based Wells Fargo & Co., the fifth-largest U.S. bank, paid Chief Executive Richard Kovacevich $29.7 million last year. Kovacevich, 61, was paid a $995,000 salary, a $7.5-million bonus, and other compensation totaling $768,376, representing a 2.1% increase over 2003, the company said Thursday in a filing with the Securities and Exchange Commission. Kovacevich also received stock options worth $20.4 million, the filing said.
BUSINESS
October 15, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Dick Kovacevich says that "the banking industry is dead and should be buried." He's not the first to predict the demise of traditional banks, but it's a surprising admission for someone such as Kovacevich, who runs one of the nation's largest banks, Wells Fargo & Co. Time to cash in those stock options and go home? Not quite, says the charismatic Wells Fargo chief executive.
BUSINESS
March 7, 2006 | From Bloomberg News
Wells Fargo & Co. paid Chief Executive Richard Kovacevich a smaller cash bonus last year as the company's stock price lagged behind those of its peers. Kovacevich, 62, received a bonus of $7 million last year, down from $7.5 million in 2004, San Francisco-based Wells Fargo said Monday in a filing with the Securities and Exchange Commission. His salary was left unchanged at $995,000. The bank's shares rose 1.1% last year, less than the 3.
BUSINESS
December 12, 2007 | From Reuters
Citigroup Inc. named investment banking head Vikram Pandit chief executive and acting CEO Win Bischoff chairman on Tuesday, disappointing investors who wanted a big-name outsider to overhaul the bank. Citi had been seeking a replacement for former CEO Charles Prince, who left Nov. 4 under pressure from shareholders frustrated by the performance of the largest U.S. financial services company.
BUSINESS
April 11, 2000 | MICHAEL NOL, BLOOMBERG NEWS
Wells Fargo & Co. said Monday that it agreed to buy First Security Corp. for $2.9 billion in stock, less than two weeks after Zions Bancorp shareholders rejected an earlier merger agreement with First Security. The acquisition deal is the latest by Wells Fargo Chief Executive Richard M. Kovacevich, who shook hands on an agreement with sometime tennis partner First Security CEO Spencer F. Eccles in San Francisco three days after the Zions agreement collapsed.
BUSINESS
March 19, 2003 | From Bloomberg News
Wells Fargo & Co., the biggest U.S. mortgage lender, more than doubled Chief Executive Richard Kovacevich's pay to $8.2 million last year as its earnings and stock climbed. Kovacevich, 59, was paid $995,000 in salary, a $7-million bonus and other compensation totaling $208,956, according to the company's proxy statement filed with the Securities and Exchange Commission. In 2001, Kovacevich earned $3.9 million and was granted options that could be worth as much as $75.2 million.
BUSINESS
October 15, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Dick Kovacevich says that "the banking industry is dead and should be buried." He's not the first to predict the demise of traditional banks, but it's a surprising admission for someone such as Kovacevich, who runs one of the nation's largest banks, Wells Fargo & Co. Time to cash in those stock options and go home? Not quite, says the charismatic Wells Fargo chief executive.
BUSINESS
September 12, 1998 | LIZ PULLIAM, TIMES STAFF WRITER
The top two executives of the soon-to-be merged Wells Fargo and Norwest banks will receive equal pay and bonuses, but exactly how much is still unclear. In a proxy filed with the Securities and Exchange Commission on Friday, the banks' parent companies said Wells Fargo & Co. chief Paul Hazen, who will become chairman of the combined company's board, will receive salary and bonuses equal to those of Norwest Corp. head Richard M. Kovacevich, who will be president and chief executive.
BUSINESS
June 9, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
As a curveball specialist on the Stanford University baseball squad in the mid-1960s, Richard M. Kovacevich couldn't overwhelm batters with speed like his teammate Jim Lonborg did. But Kovacevich compiled an outstanding record in big-time college baseball by using pinpoint control to get batters to hit the ball where his fielders could handle it. Lonborg went on to star for the Boston Red Sox, while Kovacevich, as chairman and chief executive of Norwest Corp.
BUSINESS
September 18, 2000
A weekly listing of local events compiled by the SoCal Tech Calendar (http://www.socaltechcalendar.com). Tuesday San Diego Software and Internet Council Entrepreneurs Venture Forum on choosing the financing source that's right for you. * Panelists: Frank Creer, Zone Ventures; Tyler Orion, Orion Business Development; and Charles Mathews, angel investor. * Location: La Jolla Marriott, 4240 La Jolla Village Drive, La Jolla. * Time: 5:45 p.m.-7:30 p.m. * Cost: Free.
BUSINESS
June 28, 2002 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
A plan by government regulators to make top executives personally certify the accuracy of their companies' financial reports wouldn't eliminate accounting scandals, but it could keep chief executives of troubled firms from claiming that bookkeeping was somebody else's job, experts said. WorldCom Inc.'s $3.9-billion earnings restatement this week--allegedly one of the biggest accounting frauds in U.S. history--prompted Securities and Exchange Commission Chairman Harvey L.
Los Angeles Times Articles
|