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Resource ID: #13869
Subject: Business
Source: San Francisco Examiner
Date: 1996-03-31



San Francisco investment banker Calvin Grigsby was a master deal maker and one of the most powerful -- and controversial -- financiers on Wall Street. An African American, Grigsby crashed the clubby old boys' network in high finance, often beating corporate giants on major underwriting deals for public projects. The Examiner found that behind the glowing tributes, Grigsby had a dark side. Professionally, rivals accused him of using financial inducements to win big municipal bond deals from public officials. Personally, he has been accused of beating his longtime wife, threatening to kill a family friend, and letting drug dealers and addicts take over a low-income property he owned. (March 31, November 10, 11, 1997)

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