Moving into mutual funds
The marathon secret negotiations started in April with a visit by Alleghany Corp. Chairman Fred Kirby II to American Express at the invitation of Chairman James Robinson 3rd and President Sanford Weill. The talks progressed into July and were partly conducted by radio telephone between Kirby's isolated summer retreat in the Adirondacks and American Express headquarters in Manhattan. At one point, Kirby used a pay phone in a country hotel to call Weill, who told the Alleghany boss he was not "going to negotiate a billion-dollar deal on the...
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