Who Will Be Citi S Last Banker Left Standing
Reed, 61, said in a conference call that it all made perfect sense. The merger is working; he, Weill and Citi’s tough-minded board all agreed it was time for a single chief. Reed, a technovisionary who helped bring the world ATMs, said he is ready to retire. Contradicting some of the handicapping of two years ago, Citi insiders indicate that the megadeal may in fact have been a sort of exit strategy for Reed after a tumultuous career....