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Walter V. Shipley

Chase Manhattan/Chemical Bank

1983 - 1999

Finance

1980 b. 1935
male
EducationOneDegree
UndergraduateNew York University
Personal
Born-Died1935
BirthplaceNew Jersey (NJ)
RaceWhite
FatherExecutive, Low-/Mid-Level
Era - 1980

Having grown up in and around the banking business, Shipley was experienced in both effective and ineffective management styles, especially when it came to handling mergers. Consequently, when Shipley assumed leadership of Chemical, he made a point of emphasizing trust among employees and the company. His skills as a manager helped Chemical successfully complete two large mergers in 1991 and 1996, the latter of which involved the purchase of Chase Manhattan, the name under which Chemical now operates, and created one of the largest banks in the United States.