Word: citigroups
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...Neill deputy, Peter Fisher, got similar calls from Enron's president and from Robert Rubin, the former Treasury Secretary who now serves as a top executive at Citigroup, which had at least $800 million in exposure to Enron through loans and insurance policies. Fisher-who had helped organize the LTCM bailout-judged that Enron's slide didn't pose the same dangers to the financial system and advised O'Neill against any bailout or intervention with lenders or credit-rating agencies...
...RUBIN His nameplate is gone from the office of the Treasury Secretary, but in some respects, Rubin, 63, never really left. Now a top executive at CITIGROUP, the man who steered President Clinton through financial crises to the nation's longest boom gets invited to private meetings of top congressional leaders from which the current Treasury Secretary is excluded. Since Sept. 11, Rubin has helped Congress shape a stimulus package. He even testified alongside Alan Greenspan when the Fed chief delivered his damage assessment to a closed session of the Finance Committee...
...initial but no middle name--one of the few things in life that he has to do without. The consummate dealmaker shook the financial world in 1998, when his Travelers Corp..agreed to buy banking giant Citicorp for $72 billion. In one bold stroke, his financial-services empire, renamed CITIGROUP, went global, with about 100 million customers in 100 countries. To get the deal done, Weill, 68, persuaded Washington lawmakers to end restrictions that prevented U.S. firms from offering both insurance and commercial banking. That paved the way for U.S.-based global financial conglomerates, which as they evolve have Weill...
...stocks of troubled brand-name firms, including Compaq, Disney and Kodak. The prince, who follows the markets by satellite from his yacht, scored his first big win in 1991: $790 million of depressed Citicorp stock that has grown to an $8 billion stake in what is now Citigroup. And he's looking for similar opportunities in today's market...
Saudi Arabian Prince Alwaleed bin Talal bin Abdel Aziz al Saud, who is sixth on the Forbes list of the world's richest people and has some $16 billion invested in such American companies as Citigroup ($9.65 billion), News Corp. ($1.1 billion), Apple ($314 million) and TIME's parent company, AOL Time Warner ($932 million), is known as one of the most ardent Arab supporters of the U.S. "It is my personal duty," he said before leaving Saudi Arabia for a trip to New York City, "to show my alliance and show the real face of the Arab, Islam...