`I'll See You And Raise You $100 Million'Nanette Byrnes
During their annual retreats in the bucolic Napa Valley, Wells Fargo & Co. executives regularly stayed up until the wee hours playing a riverboat card game called bourre. Colleagues remember Paul Hazen, now chief executive of the $50 billion-in-assets bank, as a fierce player who did not shy away from the big bet. "He had a distinctive way of playing," recalls former Wells Vice-Chairman David Petrone. "He was a little more of a gambler than the rest of us." John F. Grundhofer, a senior Wells executive and another aggressive player who left in 1990 to become CEO of Minneapolis' First Bank System Inc., was often an opponent.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.