Word: shearson
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Dates: during 2000-2009
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...Angeles, Prince began his career as an attorney for U.S. Steel before joining Commercial Credit as general counsel in 1979. Prince met Weill when Weill took over that company in 1986, and the two 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...
Whatever social obstacles the Cornell-educated Weill faced when he hit Wall Street in 1955, he had built a respectable brokerage in Cogan, Berlind, Weill & Levitt by 1969. He then swallowed Shearson, Hayden Stone and other houses before selling the whole shebang in 1981 to American Express. By 1985, when Weill lost a power struggle with white-bread Amex CEO James D. Robinson III and was ousted as president, it wasn't because Weill was Jewish. He was just outmaneuvered. And he left as a multimillionaire. It's difficult for Langley to set a good sob story at Weill...
...should not have come as a surprise to Chiquita, the U.S. government or anyone else. The signs had been clear for years that Europe intended to continue giving preferential status to bananas from its former colonies. An investment report prepared in October 1990 by the Wall Street firm of Shearson Lehman Bros., Inc., predicted that Europe, contrary to Chiquita's hopes, would maintain the status quo for years to come...