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Resource ID: #17674
Subject: Business
Source: Fortune
Date: 2022-04-16



Fortune examines the difficult task of Sandy Weill, the CEO of Citigroup, to "run this globe-girdling, product packed, merger-made monster, with its 240,000 employees and striking propensity for landing in hot water." The report looks at the mammoth bank as the "Sandi Weill's business," managing $270 billion in deposits. The story reveals that if Weill "gets hit by a truck," the bank lacks any "fail-safe succession plan." Fortune attempts "at constructing an organization chart of Weill's management team," depicting his longtime lieutenants. The report questions the Citigroup's strategy to continue to grow by acquisitions, and sheds light on the company's coming investment deals and variety of "e-efforts."

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