The Floodwaters Are Rising Around Bankers Trust

Charles S. Sanford Jr. seemed upbeat and jocular as he spoke to the standing-room-only crowd on a sunny September Friday. The chairman of Bankers Trust was addressing a conference on "Women on Wall Street" sponsored by a women's network at Bankers Trust. After he told the members of his audience that he was supportive of their efforts, he warned them that he might "come back for the politics and power section." Amid the laughter, Sanford added: "I need some coaching."

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