Brittain, Alfred—Bankers Trust
Brittain credited with saving banker’s trust and turning it around. Vies for wholesale banking over “risky” retail banking, ad Bankers Trust could not compete with the commercial banks of NYC. Establishes industry “standard” for controlling loan risks.
It was really his successor, Charles Sanford, who transformed the bank into what Brittain predicted “a Wall Street trading house.”
Brown, Lewis Herrold—Johns-Manville
Brown, William L.—First National Bank of Boston
Scandal with laundering money for the mob, lower level employees fall on their swords
William Brown’s aggressive expansion
“Do you want to give your fees to people who (a) aren't good managers and don't know the rules and (b) have loose connections [to organized crime]?''
Butcher, Willard C.—Chase Manhattan Bank
This is an ongoing list; names will be filled in due time.
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