ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended July 16, 2000
Most Recent Week
Front Page
Local News
Arts & Entertainment
·New Products
·New Websites
·Mormon Stock Index
Letters to Editor
Continuing Coverage of:
Boston Temple
School Prayer
Julie on MTV
Robert Elmer Kleasen
About Mormon News
News by E-Mail
Weekly Summary
Submitting News
Submitting Press Releases
Volunteer Positions
Bad Link?

News about Mormons, Mormonism,
and the LDS Church
Sent on Mormon-News: 15Jul00

Summarized by Eileen Bell

Eccles to Get Bonus, Serve on Wells Board
Salt Lake Tribune 11Jul00 B2
By Lesley Mitchell: Salt Lake Tribune

SALT LAKE CITY, UTAH -- A pending deal by Wells Fargo &Company to buy Utah's First Security Corporation will see LDS executive Spencer Eccles receive one million dollars (U.S.) a year until his 2004 retirement, than a 1.5 million dollar bonus.

Brother Eccles, who founded the bank would become the chairman for Wells' banking activities in the intermountain area. He will also be a member of the board of directors. The sale was agreed to in April. Another possible purchaser for First Security had been Zions Bancorporation, but shareholders had earlier rejected their offer. The rejection caused a drop in the price of First Security shares, and primed it for a takeover.


[an error occurred while processing this directive]

Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information