William Harrison Jr.: The Chase Is Off

Don't rush this man. William Harrison Jr. waited more than three decades to reach the top. Now he has been tapped to be the next president and CEO of Chase Manhattan. A veteran of Chemical Bank, which acquired Chase in 1996, Harrison insists that he feels no pressure to seek another merger. That's despite rumors on Wall Street that Chase is nearing a deal for an investment bank. "We don't have to do a deal," says Harrison, 55, now vice-chairman in charge of wholesale banking. "We can build. We are great at building businesses."

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