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Kovacevich on LeadershipMay, 2003 Managers and leaders have different strengths according to Richard Kovacevich, MBA '67, the recipient of the 2003 Arbuckle Award from the Stanford Business School Alumni Association. The CEO and chairman of Wells Fargo told a dinner audience that "Managers rely on systems, leaders rely on people. Managers work on getting things right, leaders work on the right things. The answer to every problem, choice, or opportunity in our company is known to someone or some team in the company. The leader only has to find that person, listen, and help them effect the change." Kovacevich, who is the 33rd recipient of the Arbuckle Award, told the audience he hires the best people and gives them lots of responsibility because "you cannot share vision unless you share the power to achieve that vision." Arbuckle Award Speech |
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Kovacevich
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