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Thursday, July 26, 2012

Ex-Citi chief Weill urges bank break-up - FT.com

Ex-Citi chief Weill urges bank break-up - FT.com:

"As a former banker, it is interesting to see that all these senior executives Sandy Weil, John Reed, Phil Purcell etc, who made huge amounts of money by putting together these structures, which destroyed the inherent cultures and core competencies of these institutions, now opining on how these should be broken up. Between Weil and Reed, they destroyed a fine institution which went back more than a hundred years."

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