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Wells Fargo's Diversified Assets

March 1, 2005
Related Topics: Mergers and Acquisitions, General Excellence, Featured Article
Many firms herald their talent as their differentiation, but Wells Fargo & Co. has a record to support its rhetoric. When it posted a profit of $7 billion for fiscal 2004, an increase of 13 percent compared with 2003, CEO Dick Kovacevich rewarded employees with a special contribution in Wells Fargo common stock to their 401(k) plans. And despite a massive merger, the company minimized layoffs by retaining staff.
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