Word: citigroup
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...Wall Street upstart from Brooklyn 50 years ago. Since then, Citigroup chairman Sandy Weill got rich and famous building an empire that culminated with the Travelers-Citicorp merger in 1998. In the process he walked away once and busted up with friends like Jamie Dimon. Weill, 73, has written The Real Deal, on his dealmaking and how things could have gone smoother. He spoke with TIME's BILL SAPORITO about mending fences, how to keep marriages strong and his focus on philanthropy...
...ambition that you could ever desire, along with enough resumé opportunities to make your head spin. Don’t be fooled by the apparent sappy altruism of your fellow volunteers—they won’t seem so harmless when they snatch up your job at Citigroup. If you happen to enjoy improving the lives of others, that’s great, but never lose sight of the bottom line that if you haven’t built a school in Malawi by the time you graduate, you’re falling behind...
...letter announcing his resignation from Ford’s board, Rubin wrote that his role as a director at financial conglomerate Citigroup Inc. might appear to clash with his duties at Ford as the automaker’s board undertakes an internal strategic review. Earlier this summer, Ford hired Citigroup and investment bank Goldman Sachs Group Inc. to advise the struggling automaker, The Wall Street Journal reported in August...
...chairman of the firm, before leaving to join the Clinton administration in 1993. He served as Treasury secretary from 1995 to 1999—when he was succeeded by his protégé Summers—and he then went to work for Goldman Sachs’ rival, Citigroup. Rubin joined Ford’s board of directors...
...Citigroup’s multifaceted relationship with Ford could raise a question whether my relationship with Ford and Citigroup creates an appearance of conflict,” Rubin, who is chairman of Citigroup’s executive committee, wrote in the letter. “Although no conflict currently exists and while I would have liked to remain involved, I have with great regret concluded that I should resign from the board at this time...