Sandy Weill's Fingerprints Are All Over Travelers

Edward H. Budd and Sanford I. Weill first met in 1983. Weill, newly installed atop the ailing Fireman's Fund unit of American Express Co., wanted to learn more about the insurance business. So he invited Budd, chairman and CEO of Travelers Corp., to spend the weekend with him in Boca Raton, Fla. "Sandy analyzed issues and problems quickly," Budd remembers. Says Weill: "It was a comfortable relationship from the beginning."

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