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The golf tournament has endured a tumultuous decade since Wachovia created the event to put itself on the national stage. Controversial deal negotiations have occurred there, it drew criticism from bank-bailout critics, and its name changed twice after Wells acquired Wachovia.
May 3
For at least one day, Dick Kovacevich was back as the public face of Wells Fargo (WFC).
Kovacevich, who largely built the $1.4 trillion-asset company before retiring as CEO in mid-2007, participated in Wednesday's pro-am as part of the Wells Fargo Championship, an annual golf tournament in Charlotte, N.C.
"For a hacker, I did OK," Kovacevich said in an interview after finishing 18 holes with
So why was Kovacevich there instead of John Stumpf, the San Francisco company's current chairman and CEO? "John doesn't play golf," Kovacevich said. "They couldn't find anyone else this year, so they went to the bottom of the barrel and selected me."
Kovacevich said he plans on spending time with Wells Fargo customers during the event. He has appeared at the tournament before; Wells Fargo
The veteran banker also made it clear that he has no plans of jumping to another team, despite