¶ Atop a pinnacle of Wall Street power in 1930 sat Albert Henry Wiggin, chairman of the governing board of Chase National Bank, world's largest. Trailing down from this august height was a vast hierarchy of 85 directors, 80 vice presidents, 72 second vice presidents, a cashier and 107 assistants, two comptrollers and six assistants, 41 assistant trust officers, 31 assistant managers and some 8,000 employes. The president of Chase Bank held a relatively "minor" job, being outranked not only by Mr. Wiggin but also by the chairman of the executive committee and...
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