Word: reed
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Dates: during 1990-1999
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...brokerage giant Travelers Group announced plans to tie the knot with Citicorp, the second largest bank in the U.S.--a $76 billion marriage, not just of services but of two industry titans: Sanford Weill, who emerged from a messenger job at Bear Stearns to conquer Wall Street; and John Reed, the no-compromises Citibanker who manhandled his firm back from the edge of insolvency in the late 1980s. Suddenly the world of finance began to look less like the Norman Rockwell thrifts that built the great American economy and more like a Picasso impression of finance, all whirring shapes...
...risks of the new system do point up the problems of trying to regulate such a quickly changing world. In the week after their deal, Weill and Reed tipped their hats toward Washington, but it was just a courtesy. Banking, everyone seems to have acknowledged, has entered an era that may be larger than old-fashioned laws. Fed Chairman Alan Greenspan, for one, has abandoned the notion that it is possible to regulate this broad frontier with old-style rules. The burden, he says, has to rest with private industry: Regulate yourselves. "To continue to be effective, government's regulatory...
...Stressed would be putting it lightly," 1said Reed Talada, executive director of theBoston office of Princeton Review, which offersMCAT preparation courses. "The MCAT is anincredibly important part of an incrediblycompetitive and incredibly stressful admissionsprocess...
Houston (Hampton 3-0) at N.Y. Mets (Reed...
...fact, he's already doing it within the Travelers family. With Citigroup, he'll have a huge bank, with all its products and locations, to add to the mix. Citi, for instance, has a strong position in Asia. Weill says he'd be disappointed if at Citigroup he and Reed merely doubled earnings in five years, the stated goal...