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ArtikelRiders on The Storm  
Oleh: Lashinsky, Adam
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 159 no. 9 (May 2009), page 40.
Topik: Wells Fargo; Banks; Troubled Asset Relief Program (TARP); Customers
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Isi artikelDick Kovacevich ought to be happy. The sun is shining in San Francisco on an early April morning, shares of Wells Fargo, where Kovacevich is chairman of the board, have almost doubled in a month, and Wells appears to have survived the worst of the banking crisis with its reputation intact (so far). Yet Kovacevich, at 65 a pugnacious and famously outspoken banker, is peeved, to put it mildly. He's miffed at short-sellers who have hammered Wells Fargo as if it were one of those troubled-asset repositories. He bemoans the media for failing to recognize Wells Fargo's achievements. Most of all, he's seething with anger at Washington for all sorts of bad decisions, from making a show of big-bank stress tests (which he has publicly called "asinine") to giving him exactly one hour to accept a $25 billion investment in October from the controversial Troubled Asset Relief Program, or TARP.
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