Sanford I. Weill

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Sanford I. "Sandy" Weill (born March 16, 1933 in the New York borough of Brooklyn ) is the former chairman of the board and founder of Citigroup .

Sandy Weill (2009)

Life

He is the son of Max Weill and Etta Kalika, who came from Poland as Jewish immigrants. On June 20, 1955, Sandy Weill married Joan Mosher, with whom he has two children. The couple live in Greenwich, Connecticut. The two have two children (Marc Weill, Jessica Weill Bibliowicz) and four grandchildren.

His career was already over in 1985 when he left Amexco in a dispute . But in 1986 Sandy Weill bought 82 percent of the then-then-then-out-of-date consumer credit bank Commercial Credit from Control Data. He succeeded in restructuring Commercial Credit and then continued to grow through takeovers. The merger he initiated between Citicorp and the Travelers Group led by Weill marked a decisive turning point. This created the Citigroup, which is still the largest financial services provider in the world today.

As the founder of Citigroup , Sandy Weill is one of the most influential men in the financial world; in 2000, his annual salary (including stock options and bonuses) was estimated by Forbes Magazine to be more than $ 200 million.

At the urging of Weill, the Glass-Steagall Act was abolished during the Bill Clinton presidency .

After the 2008 financial crisis , Time Magazine included him in the list of the 25 people most responsible for the crisis. In 2012 Weill was elected to the American Academy of Arts and Sciences .

Charity

In 1998, Weill organized a fundraiser that raised a total of US $ 400 million to benefit Cornell University Medical College in Manhattan New York City. Of the total amount, he and his wife Joan raised US $ 250 million. The college was renamed Weill Medical College of Cornell University in 1998 .

Web links

Commons : Sanford I. Weill  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Heike Buchter: Why you can't just split up banks. In: The time . October 19, 2011, accessed June 8, 2020 .
  2. ↑ http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877329,00.html
personal data
SURNAME Weill, Sanford I.
ALTERNATIVE NAMES Weill, Sandy
BRIEF DESCRIPTION American entrepreneur, founder of "Citigroup"
DATE OF BIRTH March 16, 1933
PLACE OF BIRTH New York borough of Brooklyn