Word: weills
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...Just ask Citigroup. In 2000, U.S. environmental activists from ran began campaigning against the bank's funding of old-growth logging projects and a controversial new oil pipeline through an Ecuadorian ecological preserve. ran placed a full-page advertisement in the International Herald Tribune labeling ceo Sandy Weill an environmental villain. Citigroup started meeting with ran, and last year it announced it would apply the Equator Principles to its business. The bank committed to banning investment in firms logging primary tropical forests and pledged to invest in renewable energy projects...
...shot of Botox can. Still, the search for a better fountain-of-youth cream continues. Avon is about to complete a $100 million state-of-the-art research facility in Suffern, N.Y. And Clinique last month announced a $7 million research grant devoted to the study of skin with Weill Cornell Medical College, the first ever collaboration between a university and a cosmetic brand. Perhaps the most revealing insight comes from Estée Lauder's research chief Daniel Maes, who notes that along with peptides and other compounds, his firm's Perfectionist cream includes optic polymers that reflect the light...
BASED ON INTERVIEWS WITH DR. JAMES BERNAT OF DARTMOUTH MEDICAL SCHOOL, DR. JAMES CLEARY OF THE UNIVERSITY OF WISCONSIN MEDICAL SCHOOL, DR. JOSEPH FINS OF WEILL MEDICAL COLLEGE AT CORNELL UNIVERSITY, DR. ROBERT LISAK OF WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE AND DR. KEITH SILLER OF N.Y.U. MEDICAL CENTER
...long-time Sandy Weill sidekick, Chuck Prince might have got a chance to run Citigroup in any event. But a progression of Citi scandals that began in the dotcom-bubble years with shady Enron dealings and stock touting for troubled telecoms quickened this lawyer's ascent. Prince, 54, landed the CEO job little more than a year ago. Since then, old improprieties have continued to surface, posing new p.r. nightmares-- including Citi's private-banking operation being banned from Japan just a few months ago for failing to guard against money laundering, among other things. To atone, Prince bowed deeply...
Prince is backing up his commitment by starting new training, communications and performance- review initiatives--and in the case of Japan, by firing some of the top executives that the legendary Weill had put in place before stepping aside as CEO. At stake is Citi's legacy-- not just as a profit machine ($18 billion in net income on revenues of $77 billion in 2003) and shareholder's delight (the stock has risen far faster than the market since 1986), but also as a dominant global bank that trades on its good reputation as much as on its capital...