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Sandy Weill Discusses First Business Opportunity and Reality That Leaders Have To Take Responsibility For Successes and Mistakes

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Total Case Duration :

  • Date Added : 10/27/2006
  • Clip Duration : 1 min. 25 sec.

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Sandy Weill

  • Chairman, Citigroup
  • male
  • Caucasian
  • 1933 (Age: 88 years old)
  • Sandy Weill - Lecture - Business and Philanthropy
  • Video 1 of 13 in this Case
  • View All Available Videos

Biography

Sanford I. Weill is Chairman Emeritus of Citigroup Inc., the diversified global financial services company formed in 1998 through the merger of Citicorp and Travelers Group. Weill retired as CEO of Citigroup on October 1, 2003, and served as Chairman until April 18, 2006.

Weill, who had been Chairman and CEO of Travelers, became Chairman of its predecessor, Commercial Credit Company, in 1986, successfully leading the company through a public stock offering by its then-parent, Control Data Corporation. Commercial Credit acquired Primerica Corporation in 1988 and adopted its name until 1993, when Primerica acquired The Travelers Corporation and adopted the Travelers Group name. In 1997, the company acquired Salomon Inc. and combined it with its Smith Barney unit to form the global securities and investment firm, Salomon Smith Barney.

Prior to 1986, Mr. Weill had been President of American Express Company and Chairman and Chief Executive Officer of its Fireman's Fund Insurance Company subsidiary.

His affiliation with American Express began in 1981 when the company acquired Shearson Loeb Rhoades. Shearson's origins date back to 1960 when Mr. Weill and three partners co-founded its predecessor, Carter, Berlind, Potoma & Weill. He served as the firm's Chairman from 1965 to 1984, a period in which it completed over 15 acquisitions to become the country's second largest securities brokerage firm. In 1993, when Travelers Group acquired Shearson Lehman Brothers' retail brokerage and asset management businesses, he was reunited with the firm he founded.

Sandy Weill is a graduate of Cornell University.

Problems developed in the industry and we ended up having an opportunity to buy a company that had a real ... very good business but no balance sheet and terrible operations called Hayden, Stone and we went and took a chance and tripled our ... I'm sorry, increased our business 30 fold, we had one b...(Full transcript available to logged in subscribers.).

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Sandy Weill videos

Video 1 of 13 Sandy Weill States Importance of Marrying The Right Person
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 2 min. 5 sec.
Video 2 of 13 Sandy Weill Discusses First Business Opportunity and Reality That Leaders Have To Take Responsibility For Successes and Mistakes
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 1 min. 25 sec.
Video 3 of 13 Sandy Weill Discusses Importance of Learning From Adversity and Embracing Philanthropy
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 3 min. 18 sec.
Video 4 of 13 Sandy Weill Discusses Initiation of Merger At Citigroup
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 2 min. 29 sec.
Video 5 of 13 Sandy Weill Discusses Relationship With John Reed Before and During Merger
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 2 min. 12 sec.
Video 6 of 13 Sandy Weill Discusses Challenge of Having Two Different Management Styles Run The Company
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 2 min. 9 sec.
Video 7 of 13 Sandy Weill Discusses Personal Outlook on Philanthropy
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 2 min. 26 sec.
Video 8 of 13 Sandy Weill Discusses Importance of Finding Similarities Between Cultures
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 1 min. 11 sec.
Video 9 of 13 Sandy Weill States He And Wife Wish To Make World A Better Place
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 0 min. 31 sec.
Video 10 of 13 Sandy Weill States Importance of Optimism and Perseverence
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 1 min. 12 sec.
Video 11 of 13 Sandy Weill States Importance of Management By Walking Around
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 1 min. 17 sec.
Video 12 of 13 Sandy Weill States Importance of Teamwork
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 0 min. 54 sec.
Video 13 of 13 Sandy Weill States Meritocracy, Teamwork and Ownership Are Critical To Business Success
  • Sandy Weill - Lecture - Business and Philanthropy
  • 10/27/2006
  • Sandy Weill
  • 1 min. 16 sec.

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