BOTCHING UP A GREAT BANK Under Tom Clausen, BankAmerica shoveled money out so fast it couldn't keep track. When the loans finally went sour, his successor, Sam Armacost, kept saying everything was fine. Even worse, the board of directors believed him

Gary Hector Excerpted from Breaking the Bank: The Decline of BankAmerica, (c) 1988 by Gary Hector, to be published by Little Brown & Co
June 1988
Fortune;6/6/1988, Vol. 117 Issue 12, p187
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