Paul Hazen's rocky tenure at Wells Fargo & Co. will end with a lucrative pay package from Norwest Corp.

According to a regulatory filing, Mr. Hazen, who agreed to sell Wells Fargo on June 8, is to be compensated at least as highly as Richard M. Kovacevich, the Norwest chief executive who will head the combined company. Mr. Kovacevich was paid $3.2 million last year, and Mr. Hazen, who will remain as chairman, received $2.9 million.

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