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Not only have Marion Sandler (HRPBA ’53) and her husband, Herb Sandler, been married for more than forty years, they’ve worked together nearly that long as business partners. They grew their company, Oakland-based Golden West Financial Corp., from a two-branch S&L into such a financial powerhouse that Wachovia paid $24 billion to purchase it last May, the San Francisco Chronicle reported (June 4, 2006).
In an interview with the couple, now in their 70s, Marion Sandler told the Chronicle, “We’ve almost never not worked together. We are extraordinarily compatible. I just can’t describe it.” The Sandlers met and married in New York, where Marion was one of the first women to work as a securities analyst on Wall Street. “I started at Bloomingdale’s,” she recalled, “but I didn’t want to make a career there. Wall Street was very exciting.”
In 1963, seeking new opportunities, the pair moved to California and bought Golden West for $38 million. With that investment and their sub-sequent hard work having paid off handsomely, the Sandlers, while remaining involved with Wachovia, will now devote most of their time to philanthropy.
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