TITLE

End of an Era At Citi?

AUTHOR(S)
Weill, Sandford
PUB. DATE
July 2005
SOURCE
Investment Dealers' Digest;7/25/2005, Vol. 71 Issue 29, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that with the departure of Citigroup Inc.'s high-profile chairman, Sanford Weill, industry observers believe the bank could find itself better positioned under the unimpeded leadership of chief executive officer Charles Prince, his likely successor. Citigroup's board is not making it easy for Weill to walk away. Talks were said to have begun on a friendly note, but quickly turned testy over a non-compete clause in Weill's contract as well as whether or not he will be able to keep his bonus, pension and additional perks, such as use of the bank's corporate jet, after he departs.
ACCESSION #
17715050

 

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