Word: citigroups
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...would not be "bullied, threatened or intimidated" by the NCWO, which represents such groups as the American Nurses Association and the League of Women Voters. "We do not intend to become a trophy in their display case," Johnson declaimed. Then, in an unprecedented move, he booted the Masters' sponsors--Citigroup, Coca-Cola and IBM--so the companies wouldn't face criticism by association. The commercial-free move will cost the club some $7 million in forgone revenues...
Because most corporations have policies that prohibit gender discrimination, membership of company officers at Augusta could be viewed as a conflict. Such leading lights as Sanford Weill of Citigroup and Warren Buffett of Berkshire Hathaway are members. So is Kenneth Chenault of American Express, one of a handful of black members at the Georgia golf club. Sources tell TIME that Microsoft co-founder Bill Gates recently became a member. General Electric is still paying the fees for retired chairman Jack Welch, according to papers filed in Welch's divorce proceedings. None of the golfing chiefs are talking: members are required...
...threatening to withdraw $14.4 billion of the Tokyo government's money from Mizuho Bank, one of Japan's largest. If Mizuho, which is burdened with $19.4 billion in bad debt, does not clean up its act, Ishihara warned, he'll take his business elsewhere, even to U.S.-based Citigroup. "One thing we must consider is whether a financial institution is safe," Ishihara says. "Another is whether it pays good interest rates. In that respect, there are obviously problems at Mizuho...
South Of The Border HSBC, the world's second-largest bank (after Citigroup), continued its U.S. expansion, buying Mexico's Grupo Financiero Bital for $1.14 billion...
...still profit from this powerful demographic force, which will run for decades. Indeed, the stock market's steep fall over the past two years has made some traditional age-wave investments cheap again. Pharmaceutical stocks like Pfizer and Wyeth, and financial services stocks like Citigroup, despite its Enron-related woes, and Mellon all make the cut. The real zip, though, is likely to be in less obvious places, and Charles Baird, chairman and founder of the private equity firm North Castle Partners in Greenwich, Conn., believes he has tapped into something big. Baird has invested $800 million in what...