I remember June 21, 1985, as if it were yesterday. That was the day I received a call at my hotel outside Frankfurt telling me that the board of Marine Midland Banks had passed a resolution closing down the international division.

While it wasn't stated during that conversation, it didn't take a genius to know that in all probability the four of us on the senior team would be asked to leave. A few days later, I was asked to close down all operations in Europe, the Middle East, and Africa.

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