Filed under: Management, Apple Inc (AAPL), Dell (DELL), Citigroup Inc. (C)

I can picture Sandy Weill, the former chairman of Citigroup (NYSE: C), now. He’s probably pacing the floor of his penthouse apartment, wringing his hands, sweating, perhaps yelling into the phone at someone when he gets a chance. He must be all in a lather about Citigroup’s drop in share price (down another 5% so far today to $35.91).

I co-wrote a book about Sandy Weill that came out in 2002 and one thing Mike Brewster and I posited is that Weill would like to run Citigroup until he met his maker. That wasn’t in the cards, since he had to step down in 2003 after a series of scandals rocked the bank. And calling Weill the King of Capital, as we did in our book (King of Capital: Sandy Weill and the Making of Citigroup), didn’t look so smart not too long after publication either.

Now I’ve been watching Maria Bartiromo on CNBC reporting that Weill does not want to run Citigroup, but will be happy to help out in the search for a new chief executive. Here’s my interpretation: Of course he’d love to jump in and run the company again. He just knows the board could never give him the chance.

Continue reading Sandy Weill would love to run Citigroup again — but there’s no chance

Permalink | Email this | Comments

Share This

This entry was posted on Monday, November 5th, 2007 at 8:12 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.