Old fashioned common sense can be a model of good management

Like many of my readers and friends know that I have a passion for history, particularly business history. I think it's a shame that the story was always taught as if it were made only with stories of kings and princes. History is about real business. I am an American, I am a capitalist. I love the History Channel, I arrived home one afternoon after a particularly harrowing day. I turned on the History Channel and started watching a documentary about the great fire of 1906 that San Francisco has burned to the ground after a terrible earthquake. An interesting story that jumped out at me was the story of an Italian immigrant who started a bank, the Bank of Italy, to San Francisco in 1904. His name was Amadeo Giannini. After the earthquake, has retained his Whits about him. Amadeo saw the arrival of the fire, and, thinking quickly, loaded all the money from his time in boxes, put boxes in a cart, covered boxes with vegetables, and took the money for his house, which was several miles outside from the city.

After the fire was finally put out (three days later), had burned all the banks of its competitors is down to earth and all their depositor money was lost, "in smoke" if you will. So Amadeo pushed the cart back to town. Finding his building razed bank has proceeded to do an office of a table and two barrels and started making loans to local businesses ahead of its competitors. His quick thinking saved his bank maintained its depositor confidence. A decendant of the bank which started still exists today. Gianinni Bank of Italy in 1929 merged with another bank in California that was the first to develop the concept of branch banking. The name, the Bank of Italy was changed in 1929 with the merger. The two presidents of the bank has agreed to co-manage the new bank and the merged company still exists. Today is known as The Bank of America .......