Nationsbank Montgomery: Love Among The Heavyweights

Will splurging on Montgomery pay off for NationsBank?

It's as if NationsBank Chief Executive Hugh L. McColl Jr. went on a blind date with Montgomery Securities Chief Executive Thomas W. Weisel on June 10, became deeply infatuated and rushed to the altar 19 days later. Weisel says he and McColl knew little about each other's companies when they met for the first time at Montgomery Securities' New York offices. "They were not as aware as they should have been about Montgomery," says Weisel. "We didn't know NationsBank that well, either."

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