Relevant:
- Citigroup's Empire-Building, Glass-Steagall-crushing ex-CEO Weill: "Break Up Big Banks"
- Sandy Weill, Builder Of Too Big To Fail, No Longer Accepts Blame For Crisis
- Ludicrous Times Op-Ed Forgets Entire Year of Wall Street History
- At Citigroup, a Split Not Taken
- Wall Street Legend Sandy Weill: Break Up the Big Banks - US Business News
2012-08-04 — rollingstone.com
... one has to wonder if Weill's nagging poverty had anything to do with his change of heart. A few years ago, when he was still blasting Reed, he probably thought Citi would bounce back. Citi was trading between $3-$4 back then (pre-split). How could things get any worse? He couldn't have imagined that two and a half years later, the stock would actually be lower. Could the shock of that ugly truth have played a role in his "good thing" idea?
It was strange that Squawk Box didn't wonder about this question. As my friend put it: "I was floored that Sorkin and the other talking heads didn't ask Weill about his Citi shares. This is the money business, and they didn't ask the guy about money? Now we're shy?"
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