Friday 9 February 2007

#562 Sanford (Sandy) Weill (Citigroup)



Name: Sanford (Sandy) Weill
Fortune: Self Made (Citigroup)
Net Worth: 1.4 Billion
Industry: Finance
Billionaire World Rank: #562

Book: The Real Deal - My Life in Business and Philanthropy

Amazon.com Rate:
Price: $21.12 - Buy Now At Amazon.com

From Forbes:
"Hard-charging billionaire demanded Citigroup board waive his noncompete agreement, let him keep his private plane and other benefits even though he was leaving the bank to open his own private equity fund. The board demurred, a rare instance when Weill hasn't gotten his own way. No effect on Citigroup shares, which continue to sag as management exodus continues. "Sandy" landed on Wall Street in 1956, earned $35 a week as runner for Bear Stearns. Became president of American Express in 1985. Created insurance giant Travelers Group through acquisitions. Merged with Citicorp in 1998, now world's largest financial services company."

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