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Sandy Weill
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Latest Headlines
Lloyd Blankfein's endgame to mimic Sandy Weill's?
There are several opinions out there on the fate of Lloyd Blankfein ( Lloyd Blankfein news), CEO and chairman of Goldman Sachs (NYSE: GS ). Some think that the $550 million settlement with the SEC was a resounding victory for him, as the terms did not require him to step down as Chairman, CE
Weill looks at the ash heap of Citigroup
In 2007, none other than Sandy Weill approached members of the Citigroup ( C ) board about somehow helping fix the bank he built. He thought he would find a receptive audience. Instead, he was roundly rejected. So you have to ask: Would he have helped or hurt in the Citi recovery effort?
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Is it good to be Jamie Dimon?
He's on top of the industry. Here's a telling quote from a money manager in a lengthy paean from TheStreet.com: "Dimon is just a superior manager. Jamie Dimon has, to a large degree, been able to hold onto his reputation," while the reputations of contemporaries like Vikram Pandit and Ken Lewi
Sandy Weill gives up Citi perks
Is Sandy Weill doing his part to help save the bank he led for so long? He's asked that the cushy consulting contract he had with the bank be terminated. His consulting agreement allowed him to earn as much as $173,070 annually for up to 45 days of work, according to the AP . The agreement also
Bob Rubin role pondered
The one constant over the years of turmoil at Citi has been Bob Rubin, who was first recruited to the Citi board in in 1999 by Sandy Weill. Some are troubled by his role in supporting Citi's disastrous push into CDOs, but this happened at every bank. It wasn't the board executing the strategy, tho
Infighting heating up at Citi?
The Citi board has issued a statement that it stands behind its current chairman, Sir Win Bischoff. But the spate of media reports that Bischoff might be sacked just might ignite the kind of blame game that is a well-known pastime at Citi. MarketWatch says, "It was [Robert] Rubin who had s
What's up at Citi?
The Citi board has issued a statement that it stands behind its current chairman, Sir Win Bischoff. But the spate of media reports that Bischoff might be sacked just might ignite the kind of blame
Sandy Weill piles on former protege
When things are bad, they tend to get worse. At least that's how it seems right now in the financial services industry. Case in point: Charles Prince. He left his position as CEO of Citigroup as somewhat of a failure. He'll be remembered, fairly or not, as the guy who let things get out of co
Is Citigroup too big to manage?
Few companies generate press like Citigroup . Fortune at least asks an interesting question: is the banking behemoth too big to manage? Well, the only one who really has to answer that is Vikram Pandit. A lot of good men have failed: John Reed, arguably Sandy Weill, certainly Chuck Prince.
Citigroup-Travelers deal still making news
Ten years after the fact, Citigroup 's historic merger with Travelers remains in the headlines. Instead of hailing the deal however, John Reed--the former CEO of Citigroup who masterminded it--now tells the Financial Times it was a rank failure. Certainly, shareholders never quite benefite
