Business: Peace in San Francisco

All of a dither last month were San Francisco financial circles over the well-authenticated report that potent Banker Amadeo Peter Giannini had testily refused to list a new issue of Transamerica Corp. stock on the San Francisco Exchange until benign President Frank Shaughnessy resigned (TIME, Aug. 16). Since Transamerica for years had been the busiest stock on the San Francisco Exchange, this gave brokers, already scratching for commissions, a real matter for worry. The squabble grew out of old "A. P.'s" decision to turn Transamerica, once the world's largest bank holding company, into...

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