Agueda Rodriguez

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(No Transcript)
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Presented by Agueda Rodriguez
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Edmond Safra Trade Development Bank (TDB)
Geneva
Jim Robinson IIII American Express
1983 Merger Friendly
Bitter fall out
American Express Afraid that Safra would start
up another bank began smear campaign
Safra attempts to link American Express to the
distribution of articles
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• Born in Beirut in 1932
• 1956- Founded
• Trade Development Bank (TDB)
• 1966 Founded
• Republic National Bank Of New York
• 1988 Opened
• Republic National Bank of New York
• (Suisse)
• Republic bank operated 80 branches
• In New York
• No. 3 behind Citigroup and
• Chase Manhattan Bank
• 8 branches in Florida

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James Dixon Robinson III -Chairman and chief
executive officer of American Express Co.
Integrity is fundamental to every business we
are in.
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Each department, had its own feel, its own
rules Shearson-Brokerage services, Mutual
funds Firemans Fund-Insurance American Express
International Banking Corporation-Overseas
banking offices The Bank
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1983 Merger American Express and TDB -1985
Safra resigned at American Express -American
Express hires investigators to follow those
employees that resigned.
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Bob Smith Bob Terrier Harry Freeman Susan
Cantor Tony Greco
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The stories Greco influenced newspaper articles
published in -France -Switzerland -Peru -Mexico
-Argentina -Uruguay -Among other countries.
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1980s Corporate America damage control
weapon -Blue chips independent investigators Brou
ght in from the outside to investigate Many
times paid by the company under
investigation. Cleared senior managers of wrong
doing.
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-Safras settlement requested a public apology by
Jim Robinson in form of a letter. -8 million to
be donated to his preferred charities. -Other
articles surfaced -Safra asked Jim Robinson for
American Express source.
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Mr. Edmond Safra was killed on December 3, 1999
in his home in Monaco.