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Stories tagged with Citigroup

Sallie Krawcheck moves to Bank of America

By A. James Memmott   |   August 5, 2009 at 8:13am   |   0 Comments

Sallie L. Krawcheck, who had been one of the highest ranking women on Wall Street before she left Citigroup Inc. last September, has landed on her feet at Bank of America Corp.

Federal pay czar confronts Citi’s $100 million man

By Laurie Bennett   |   August 2, 2009 at 11:44am   |   0 Comments

Andrew J. Hall - art collector, German castle owner and energy-investment guru - is emerging as the latest villain in the public outrage over bailout bonuses.

Sandy Weill pumps $170M into Weill Cornell Medical College

By Carol Eisenberg   |   April 7, 2009 at 5:11pm   |   0 Comments

By the time he is done with the latest chapter of his life, the ‘House that Sandy Built’ may become shorthand for Cornell Medical College, rather than now-teetering Citigroup.

JPMorgan Chase to spend $138M on jets, hangar redesign

By Carol Eisenberg   |   March 23, 2009 at 2:41pm   |   0 Comments

JPMorgan Chase, which accepted $25 billion in bailout funds, is moving ahead with plans to spend $138 million for two luxury corporate jets and the renovation of an aircraft hanger just north of New York City.

Citigroup to spend millions to renovate executive offices

By Carol Eisenberg   |   March 19, 2009 at 12:50pm   |   0 Comments

Citigroup Inc., which has taken billions in taxpayers money to stay afloat, plans to spend an estimated $10 million on new offices for Chief Executive Officer Vikram Pandit and his top lieutenants.

Wells Fargo to buy Wachovia for $15.1 billion

By Laurie Bennett   |   October 3, 2008 at 8:21am   |   0 Comments

Wells Fargo & Co. will acquire Wachovia Corp. in a $15.1 billion merger, blocking an earlier bid by Citigroup Inc.

Erin Callan dubbed Wall Street’s alpha female

By Carol Eisenberg   |   March 27, 2008 at 3:15pm   |   0 Comments

Erin Callan doesn’t look like a master of the universe in her crocheted dresses and bright-red leather jackets.

Spitzer falls farther and faster than his targets

By Carol Eisenberg   |   March 12, 2008 at 11:51am   |   0 Comments

Playing out the final scene of an almost Shakespearean drama, New York Governor Eliot Spitzer resigned in disgrace today after revelations that he had been caught on wiretaps arranging to meet a high-priced call girl in a Washington hotel.

O’Neal, Prince and Mozilo questioned about pay

By Carol Eisenberg   |   March 7, 2008 at 4:14pm   |   0 Comments

Three Wall Street executives were held up by a Congressional Democrats today as poster boys for executive compensation run amok.

Two of the three - E. Stanley O’Neal, chairman and chief executive of Merrill Lynch, and Charles O. Prince III, head of Citigroup - lost their jobs last fall after the collapse of the subprime mortgage market which they had once ridden to huge profits.

Cayne reported leaving CEO job at Bear Stearns

By A. James Memmott   |   January 8, 2008 at 1:55pm   |   0 Comments

In the end, it would seem that the bottom line at Bear Stearns Cos. for James Cayne was the bottom line.

The investment bank’s leader went through public relations hell in November when The Wall Street Journal reported that he had spent a lot of time playing either golf or bridge in July while his company was struggling with losses in its sub-prime mortgage funds.

Pandit and Bischoff take reins at Citigroup

By Laurie Bennett   |   December 12, 2007 at 7:30am   |   0 Comments

Citigroup yesterday named a new leadership team, whose mission will be to pull the company out of staggering debt from the mortgage crisis.

Vikram S. Pandit was appointed CEO, and Winfried F.W. Bischoff became chairman. The two men succeed Charles Prince, who resigned after reporting up to $11 billion in new losses.

Thain, Merrill’s new CEO, proves Goldman Sachs clout

By Laurie Bennett   |   November 15, 2007 at 7:48am   |   1 Comments

The appointment of John Thain to head troubled Merrill Lynch proves, yet again, the long reach of Goldman Sachs.

Thain, currently CEO of the New York Stock Exchange, began his career as an investment banker at Goldman. He went on to become co-president and co-chief operating officer.

As the New York Times reports, Thain was chosen not only for his success at the exchange, but also for his background at Goldman.

‘Free’ tutoring is big business for Sylvan

By Paul Braus   |   November 2, 2007 at 3:51pm   |   0 Comments

The No Child Left Behind act is a bonanza for private tutoring firms, including Sylvan Learning.

Under the act’s provisions, students enrolled in schools judged to be failing are entitled to free tutoring, paid for by taxpayers. The costs total $2.5 billion annually, according to U.S. News and World Report.

Tutoring companies contract with individual states and school districts. Sylvan provides such tutoring at about half of its 1,200 U.S. locations, according to Tabatha Sweeney-Gehrt, Sylvan’s director of new business development. At some centers, she says, business has doubled because of the service.


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