`I'll See You And Raise You $100 Million'

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.

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