Mr. Sandler and his late wife, Marion, founded Golden West Financial Corporation in 1963. They were Golden West’s chief executive officers and chairmen of the board from 1963 until 2006, when the company was sold to Wachovia Corporation. Under the Sandlers’ leadership, Golden West became the second-largest thrift institution in the United States and was considered to be one of the best managed financial institutions in the country by many industry observers. Fortune magazine ranked Golden West as the nation’s most admired mortgage services company, and on seven separate occasions named Golden West America’s most admired savings institution. Morningstar, a leading provider of investment research, named the Sandlers CEOs of the Year in 2004. Mr. Sandler was president of the Sandler Foundation.