THE MAN WITH A TASTE FOR ALBATROSS
Cool Carl Reichardt. Before final papers are delivered on the
Wells Fargo chairman's record $1.07 billion purchase of Crocker
National Corporation, he's already wondering what next to buy.
But for Reichardt, it's nothing to do with the scramble to get
on board the deregulation wagon. His plans are to stay at home, tending
his own Californian back yard while cleansing the new amalgam of almost
all foreign involvement.
"California is the seventh largest economy in the world and
should be the fifth largest by the turn of the century," Reichardt
told Euromoney in his first major interview since the announcement of
the takeover. "There's growth to be had overseas,
particularly in Asia, but California excites us more. It's just a
lot easier to do business when you don't have political risks and
cross-border problems.
"We want to expand some more,...
