Word: city
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Dates: during 2000-2009
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...Dimon to boost their fortunes sooner rather than later. Dimon won't get the top job until J.P. Morgan Chase's current CEO, William Harrison, steps down in 2006--at the very same time that Dimon's old boss Weill will be exiting stage left from his role as Citi chairman, having already given the CEO job to his anointed successor, Charles Prince. But Dimon will not be waiting that long to shake things up in the newly combined entity, which keeps the J.P. Morgan Chase name, and will be the second largest U.S. bank and second largest credit-card...
...eliminated fees for using a live teller rather than an ATM. Wall Street rewarded his turnaround of Bank One with a near 60% jump in its stock price, which hasn't hurt Dimon's bank account either: when he took over, he plunked down nearly $60 million of his Citi-made fortune to buy his new employer's beaten-down shares...
...least 19 dividend-oriented funds have been launched since last December, enlarging that universe by a third, reports fund tracker Morningstar. On the radar of these funds are companies like Citigroup and Microsoft, which are dramatically raising dividends. Citi boosted its payout 75%; Microsoft paid its first-ever dividend in March and then doubled it on Sept. 12. Eventually, fund investors will want to seize on this trend. The fund industry isn't exactly making things simple. Even some of the new dividend funds invest in REITs. Others trade actively and could saddle you with a tax liability. Some managers...
...annual dividend 75% to $1.40--very timely for CEO Sandy Weill, who is retiring from that role at the end of the year but is staying on as chairman. With a net worth of $1 billion, it's not as if Weill needs the money. Still, his 22 million Citi shares will spin off $27 million a year in after-tax income, up from $11 million. "That income stream only comes because I've taken the risk along with the other shareholders in this company," Weill told Time...
...forged a long run of acquisitions--all negotiated by Prince--from Primerica to Travelers to Shearson to Salomon Brothers to Citicorp. Prince gained the upper hand as Weill's successor last year when Weill asked him to run the firm's investment banking business and get Citi out of Spitzer's cross hairs...