King of Capital: Sandy Weill and the Making of Citigroup

Amey Stone and Mike Brewster

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A fascinating story of a legendary dealmaker who masterminded an unprecedented merger Citigroup CEO Sandy Weill orchestrated many deals over his legendary forty-five year career--none bigger than the 1998 epic merger of Travelers and Citibank to create the international conglomerate, Citigroup. King of Capital tells the compelling story of how this complex man revolutionized the banking world and transformed Citigroup through a combination of mergers and powerplays. Throughout his entire career Weill has created successful businesses out of smaller, seemingly unworkable pieces; filled product vacuums no one else even realized were void; and forced issues that no one else had the gumption to tackle. His daring dealmaking tactics were never more evident than while forming Citigroup, as he lobbied Congress to deregulate the financial services industry and ousted his co-CEO in a public power struggle. Through an engaging narrative by financial writers Amey Stone and Mike Brewster, King of Capital chronicles the legacy of Sandy Weill that began taking shape in 1970 with the creation of Shearson, was honed during his tenure at American Express, and continues as he leads one of the world's largest banks.

What will you learn from this book

  1. Sandy Weill's Journey: The book delves into Sandy Weill's personal and professional journey, from his early days to becoming a prominent figure in the financial world.

  2. Visionary Leadership: It highlights Weill's visionary leadership style and his ability to spot opportunities and navigate the complex financial landscape.

  3. Mergers and Acquisitions: Insights into Weill's strategic approach to mergers and acquisitions, particularly his role in orchestrating mergers that led to the creation of Citigroup.

  4. Creation of Citigroup: Details about the formation of Citigroup through the merger of Citicorp and Travelers Group, illustrating Weill's ambition and determination in creating a financial services powerhouse.

  5. Financial Innovation: The book explores Weill's involvement in financial innovation and the development of innovative financial products and services.

  6. Corporate Culture: Discussion on the corporate culture at Citigroup under Weill's leadership, emphasizing aspects of risk-taking, performance, and competitiveness.

  7. Challenges and Controversies: Addressing challenges faced by Weill and Citigroup, including regulatory issues, criticisms of business practices, and conflicts arising from the merger.

  8. Global Expansion: Insights into Citigroup's global expansion strategy and Weill's vision for creating a globally influential financial institution.

  9. Legacy of Citigroup: The book discusses the lasting impact of Weill's leadership on Citigroup and the broader financial industry, examining both successes and shortcomings.

  10. Reflections on Leadership: Lessons in leadership, entrepreneurship, and management drawn from Weill's experiences, offering insights for aspiring business leaders.

Language English
ISBN-10 0-471-47748-6
ISBN-13 9780471214168
No of pages 306
Font Size Medium
Book Publisher John Wiley & Sons
Published Date 24 Jun 2002

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