Richard M. Rosenberg could have played it safe, but he chose not to.

When he took command of BankAmerica Corp. two years ago at the age of 60, the banking company had largely recovered from its trauma of the mid 1980s. In fact, BankAmerica had once again become a dependable earnings machine, producing profits of more than $1 billion a year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.