Where is sandy weill

With banks facing pressure as a result of the coronavirus pandemic, Weill said he thought Fraser's background made her well-positioned to navigate the years ahead. Weill, who left Citigroup as CEO in and retired as chairman in , was a notable figure in the company's history. He helped turn it into a sprawling financial institution in the late s, upending banking rules when he brought together his Travelers Group and then-Citicorp.

Weill defended Corbat against criticism over how the bank's stock has performed during his tenure, saying he "inherited a real mess from his predecessor. Defining one side of the dining room is a captivating Art Deco wood screen, its gilded reliefs representing the four seasons. Underfoot is an Ertegun creation, a carpet resembling a watercolor of a stream, its rippling-water motif inspired by a nearby Jean Dunand painting that depicts deer leaping across a brook.

Though the interiors are fetching, the Weills often find themselves relaxing outdoors. Still, culture calls. Shortly after moving in, they heard about fundraising struggles at the Green Music Center, then unfinished, at Sonoma State University. Control Data retained a share of roughly 20 percent in Commercial Credit but sold off the rest to the public; Weill bought heavily into the spun-off company and took over as CEO.

Among Primerica's holdings was its A. As he had done in the past, Weill moved aggressively to expand his new prize by acquisition. At the same time he took steps to sell off Primerica's nonstrategic assets. Weill's next big move came in when he oversaw Primerica's purchase of a 27 percent share in Travelers Corporation. This was followed in by the realization of a dream for Weill.

On the heels of this acquisition Weill led Primerica's purchase of the remaining 73 percent of Travelers Corporation common stock, after which the two companies were merged and renamed Travelers. Weill took over as chairman and CEO of the newly created Travelers, while Edward Budd, the chairman and CEO of Travelers Corporation before the merger, became chairman of the new company's executive committee.

Weill said that the merger would create "dominant positions and strong brand franchises in four major businesses—insurance, securities brokerage, asset management, and consumer lending," according to a report by Jim Connolly in National Underwriter September 27, In Travelers Insurance completed the sale of its group-life and related businesses to Metropolitan Life Insurance Company.

In a new venture the Travelers insurance subsidiary and Metropolitan Life joined forces to establish MetraHealth Companies, a new health-care operator.

Weill next engineered a takeover of Salomon. In taking Commercial Credit Company and transforming it in just over a decade into a financial-services giant, Weill had once again managed to build a middling-sized firm into a powerhouse.

But for Weill, the biggest deal of all lay just ahead. In a brainstorming session with his top lieutenants at Travelers Group, as Weill told Daniel Kadlec of Time , the idea of buying a globally positioned commercial bank was first raised. One of the candidates most favorably put forward was Citibank, of which Citicorp was the parent. As Weill told Kadlec, "It was a real wheel spin. No one thought it would go anywhere, but everyone liked the idea. To almost everyone's surprise, Reed liked the idea.

In April Weill and Reed announced plans to combine Travelers and Citicorp in the biggest merger in history. According to Time , the newly created company, dubbed Citigroup, offered a full range of financial services to roughly million customers in one hundred countries through a network of more than three thousand offices staffed by , employees. The megamerger was officially finalized on October 8, In the early days of the newly created company, having cooperatively hammered together the massive merger of their respective companies, Weill and Reed shared power; however, it was not long before a power struggle between the two broke out.

Weill emerged on the winning side of that struggle when Reed announced his decision to step down in February As he had done with all of his acquisitions in the past, Weill continued to pave the way for strategic takeovers by carefully cutting costs wherever possible. In announcing the purchase of Grupo Financiero Banamex-Accival, widely known in Mexico as Banacci, Weill said the deal made sense in view of the increasing integration of the U.

According to an Associated Press report, Weill said, "This combination positions both Banacci and Citigroup to capitalize on this important trend, and thus is a natural next step for both of our companies" May 17, Only seven months later, in December , Weill announced plans to sell off 20 percent of Citigroup's Travelers property and casualty group in an early IPO.

Although Weill managed to ruffle feathers in some quarters and even received some unwelcome government scrutiny for Citigroup's dealings with Enron Corporation and other companies that had cooked their books, the deal-maker was almost universally respected—if not loved—by his peers. Whether Weill would live up to his promise to leave Citigroup in remained to be seen, but it was considered likely that he would continue to be a force to be reckoned with at least until then. The Citigroup chairman and his wife, Joan, lived in Connecticut and together were well known for extensive philanthropic activities.

The Weills contributed the financing necessary for the construction of a new education center at Cornell University Medical College.