2012年9月24日星期一

American banker-Sanford I.Weill






American banker, investor, Sanford I .Weill (born March 16, 1933) is a philanthropist. He is the former chairman and CEO of Citigroup. Respectively, on October 1, 2003, until April 18, 2006, he served in these positions.Shortly after graduating from Cornell University in 1955 and obtained his first job on Wall Street - runner-up. In 1956, Will became licensed broker Bear Stearns and   Bear Stearns. Rather than visit a personal to solicit clients by telephone or rather, he is sitting on his desk more comfortably, are disclosed in U.S. Securities and Exchange Commission and the study of the financial statements of the Company (SEC) and I will admit. A few weeks later, because he was the only client of his mother, ex-boyfriend to Joan, ETA, was persuaded to open a brokerage account.


Tensions, the 52-year-old Will is resignation in August 1985, more and more between James Robinson III American Express chairman and Weill.(In an interview with reporter Jamie Dimon, Merrill Lynch, Dimon, said Chief Executive Officer in 2002 (CEO), "took over" America  Corporation after failing to become a bank, he , Akira is a little lower control company in Minneapolis  Data set, persuaded the troubled subsidiary of rotation, Commercial Credit, a consumer finance company his sights. To invest $ 700 million in the company, with his own money, 1986, Will took over the CEO of commercial credit. After deep layoffs and restructuring, the company has successfully completed the IPO.In 1987, he acquired the Gulf insurance. Next year, he paid $ $ 1.5 billion parent company Primerica, Smith Barney , Williams, and insurance companies. In 1989, he acquired the store's retail brokerage  Drexel Burnham Lambert . In 1992, he paid $ 722 million to buy was in trouble because of bad real estate investments, the share of 27% of the travel insurance company.It will be Ň2001, a director of the Federal Reserve Bank of New York class. Class supervision of the Federal Reserve Bank was elected a member.In 2002, the stock market downturn of 2002, the company was hit by a wave of restructuring of Wall Street. October 1, 2003, Citigroup CEO, Charles  Prince (Citigroup), we replace the Will.In 2003, Citigroup $ 300 million worth of shares, repurchased Will. It has been reported in the original between 196.7 million, the consolidated shareholders' equity to purchase treasury stock of Citigroup, of change. For $ 47.14, receive the average price of the Company's shares Vail .

In 2004, Citigroup agreed to pay $ 2.65 billion to resolve a class action lawsuit brought by investors in WorldCom scandals.  In order to procure Solomon Smith Barney Citigroup , WorldCom funds, through the sale of its securities, optimistic research reports issued at the same time. Citigroup  Ink (Citigroup), Citigroup (Citigroup), received $ 263.9 million of shares 5.6 million of his, through the accumulation of capital, employees of Smith Barney, in order to purchase the shares of Citigroup I recommend that you plan to contribute 25% of salary. Employees while they are still in planning funds for CAP, to limit the sale of shares to buy Citigroup's use of this voluntary. June 1, 2009, employees of Smith  Barney (and restricted stock them) are released into the joint venture with Morgan  Stanley (Morgan Stanley) Smith Barneythe stock fell to $ 3.71, Vail price, receive a 92% discount of the company.March 24, 2009, employees of Citigroup to be involved in the management of poor stock purchase plans of the company, the court of financial services companies to hide their exposure to commodity and other derivatives related to sub-prime  mortgage toxic I submitted the cost of litigation. Seeking class action status of the lawsuit Sonoma County, California, in the United States, in 2010, purchased the 362 acres of real estate Sandy couple. In March 2011, under the opening, Weills is a gift of $ 12 million, of SonomaState University to provide funds to complete the Maureen  Green  Music  Center  concert  Hall and Donald in 2012 announced. Has been named facility was inspired by Seiji Ozawa Concert Hall, the Tanglewood, Joan and Sanford I. Weill Hall and. Interviewer: Will Sandy  "We love that it takes some time to participate in the community." In 2012, he would have been elected to the American Academy of Arts and Sciences.

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