Last October, in a stunning turn of events at the height of the Wall Street crisis, Wachovia backed out of a deal with Citigroup and agreed to a $15 billion merger with Wells Fargo — the biggest bank merger ever. The Charlotte-based Wachovia had recently collapsed under the weight of its own mortgage portfolio and …
Tag: san francisco
Banking on Birmingham
Yesterday, using basic features of LittleSis, I discovered that the key matchmaker in the biggest, most complex bank merger in the history of Wall Street was a construction aggregate supply company based in Birmingham, Alabama. Strange as it may seem, the evidence strongly suggests that individuals associated with this company leveraged their networks to bring …
Chevron: The Bay Area’s Biggest Company
Research for the “Who’s Behind the Bay Area’s Most Powerful Companies?” project is now in full swing. last week, I sifted through hundreds of Chevron-related press releases, financial documents, and executive board summaries in order to pull together the profiles highlighted below. Note: I have made a special effort to call attention to Chevron executives …
LittleSis Launches Citizen Journalist Project, Spot.us Partnership
In an era where the traditional means for funding journalism projects have all but evaporated, David Cohn has a sharp sense of where the future of journalism is heading. As the founder and ringleader of Spot.us, David’s ideas have materialized into an open source platform that has pioneered an innovative, original model of”community funded reporting”: …