No Words Wasted Sale
 
 

Special Offers see all

Enter to WIN a $100 Credit

Subscribe to PowellsBooks.news
for a chance to win.
Privacy Policy

Visit our stores


    Recently Viewed clear list


    The Powell's Playlist | January 19, 2015

    Ned Beauman: IMG The Powell's Playlist: Ned Beauman



    I did have a playlist that I listened to over and over again while I was writing Glow, but three years on I'm a bit bored of those songs, which got... Continue »
    1. $18.17 Sale Hardcover add to wish list

      Glow

      Ned Beauman 9780385352604

    spacer
Qualifying orders ship free.
$49.95
New Hardcover
Ships in 1 to 3 days
Add to Wishlist
available for shipping or prepaid pickup only
Available for In-store Pickup
in 7 to 12 days
Qty Store Section
25 Remote Warehouse Business- Banking

This title in other editions

King of Capital: Sandy Weill and the Making of Citigroup

by

King of Capital: Sandy Weill and the Making of Citigroup Cover

 

Synopses & Reviews

Publisher Comments:

The 1998 Travelers-Citicorp merger defied federal law, caused a dramatic CEO power struggle, and changed the landscape of the banking and insurance businesses forever-in other words, just another day at the office for Citigroup CEO Sandy Weill. Financial writers Amey Stone and Mike Brewster recount how a middle-class boy from Brooklyn transformed himself into the consummate corporate deal maker in the riveting King of Capital.

The seeds of the historic Citigroup merger were sown early in Weill's career. Working in the 1960s and 1970s with an all-star cast that included future New York Observer publisher Arthur Carter, future Broadway mogul Roger Berlind, and future SEC chairman Arthur Levitt Jr., Weill devised a winning blueprint for acquiring companies: buy a struggling firm with a prestigious name on the cheap, adopt its brand name, close under-performing divisions, integrate its operations into the existing infrastructure, and slash costs.

In 1970, Weill's modest, startup brokerage firm CBWL acquired troubled but venerable Hayden Stone, a firm many times its size. This acquisition set the foundation for the building of Weill's prize gem, Shearson, named after Stone acquired Shearson Hamill. Ten years and fourteen deals later, Weill sold Shearson to American Express, establishing himself as one of the top chief executives of his era.

Weill, though, could never be content as a "deputy dog" to Amex CEO James Robinson III. He left the company in 1985 and started over-essentially from scratch-as CEO of the struggling Commercial Credit, a modest firm based in Baltimore, Maryland, that in a little over a decade morphed into the Travelers Corporation. In 1998, Weill defied federal regulations by masterminding the merger of Travelers with Citibank. Stone and Brewster explain the sophisticated structure of this conglomerate and how Weill aggressively lobbied Congress and the President to ensure its legality. Stone and Brewster also offer insight into the evolution of Citigroup's inner circle following a power struggle between Weill and co-CEO John Reed and how Citigroup plans to address the thorny issue of succession as Weill enters his seventies.

Weill's unprecedented achievements have been tempered by key personal and professional relationships, public defeats, and consumer criticism. However, with the unwavering support of Joan, his wife of more than forty years, Weill remains at the peak of his profession, forever on the lookout for the next megadeal. Discover how a disregard for the impossible and maniacal attention to the bottom line created a financial empire for the incomparable King of Capital.

Synopsis:

THE CONSUMMATE DEAL MAKER

THE ULTIMATE DEAL

"Sandy Weill is probably the best deal maker on the planet. He is truly one of the leading business titans of our times."

-Maria Bartiromo

"Sandy's record speaks for itself. I can only dream of where Bear Stearns would be if he had stayed with us."

-Ace Greenberg

Chairman to the Executive Committee, Bear Stearns

"King of Capital is about the extraordinary achievement of a man who climbed the highest pinnacles of the world of finance. Sandy Weill recognized early the transformation that was taking place in the financial markets and was able to capture many of the opportunities in them. This book is deftly written and provides many insights into today's financial markets."

-Henry Kaufman

President, Henry Kaufman &Company, Inc.

author of On Money and Markets: A Wall Street Memoir

Synopsis:

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.

Along with probing Weill's signature business deals, King of Capital traces the path this feared, envied, and admired man took to get to the top. Readers will gain valuable insight into the strategies and tactics of this admired dealmaker-including his ability to turn a workforce into a family, with all the love, loyalty, battles and heartbreaks. What distinguishes Weill from the run-of-the mill executive is a laser-like focus on what he wants, trust in his lieutenants, and incredible belief in himself-conviction that he did not always possess. Weill, cowed by Bensonhurst bullies as a child, hazed as a military school plebe, intimidated by the strong personalities of some his early partners, has defied all expectations to become a CEO whose deals have had lasting impact on global finance and the economy.

Amey Stone (New York, NY) has more than ten years of experience as a financial writer. Currently, she is an Associate Editor at BusinessWeek Online, where she cowrites the daily "Street Wise" column, and is responsible for writing many of the site's lead stories on business trends, technology, and the economy, including several articles covering Citigroup and Sandy Weill.

Mike Brewster (New York, NY) is an accomplished writer, editor and financial services professional. He recently launched a career magazine called Leaders Online.

About the Author

AMEY STONE has ten years' experience as a financial writer, including seven years with BusinessWeek, two with SmartMoney, and one with Financial Planning magazine. She is currently an associate editor at BusinessWeek Online, where she cowrites the daily "Street Wise" column.

MIKE BREWSTER is the former editor of LeadersOnline, a magazine devoted to executive leadership and career management. He previously worked as a sportswriter in upstate New York and served as a director of communications at global consulting firm KPMG.

Table of Contents

Timeline.

Preface.

Introduction: Meet Sandy Weill.

Chapter 1: The Past Is Gone. The Future Is Limitless.

Chapter 2: The Best and Brightest.

Chapter 3: Hayden Stone: Weill's Acquisition Template.

Chapter 4: Building Shearson.

Chapter 5: Deputy Dog.

Chapter 6: Starting Over.

Chapter 7: Back in the Big Leagues.

Chapter 8: Deal of the Century.

Chapter 9: Weill on Top.

Chapter 10: Citigroup, Post-September 11.

Bibliography.

Index.

Product Details

ISBN:
9780471214168
Author:
Stone, Amey
Publisher:
Wiley
Author:
Stone, Tanya Trevor Ed. Trevor Ed.
Author:
Brewster, Mike
Author:
Stone, Tanya
Author:
Stone, Tanya Trevor Ed. Trevor Ed.
Location:
New York
Subject:
General
Subject:
Business
Subject:
Banks & Banking
Subject:
Finance
Subject:
Bankers
Subject:
Financial services industry
Subject:
Corporate & Business History - Strategies
Subject:
Financial services industry -- United States.
Subject:
Bankers -- United States.
Subject:
Business-Banking
Subject:
General & Introductory Business & Management
Copyright:
Series Volume:
107-333
Publication Date:
May 2002
Binding:
HARDCOVER
Grade Level:
General/trade
Language:
English
Illustrations:
Yes
Pages:
328
Dimensions:
9.28x6.22x1.07 in. 1.38 lbs.

Other books you might like

  1. Goldman Sachs: The Culture of Success New Trade Paper $16.99
  2. Tearing Down the Walls How Sandy Weill Used Hardcover $2.95
  3. Jack: Straight from the Gut Used Trade Paper $4.95
  4. Rich Dad, Poor Dad: What the Rich...
    Used Trade Paper $1.95
  5. Damn Right!: Behind the Scenes with... New Hardcover $57.95
  6. The Essential Buffett: Timeless... Used Trade Paper $1.98

Related Subjects

Biography » Business
Business » Accounting and Finance
Business » Banking
Business » Biographies
Business » History and Biographies
Science and Mathematics » Chemistry » Inorganic

King of Capital: Sandy Weill and the Making of Citigroup New Hardcover
0 stars - 0 reviews
$49.95 In Stock
Product details 328 pages John Wiley & Sons - English 9780471214168 Reviews:
"Synopsis" by , THE CONSUMMATE DEAL MAKER

THE ULTIMATE DEAL

"Sandy Weill is probably the best deal maker on the planet. He is truly one of the leading business titans of our times."

-Maria Bartiromo

"Sandy's record speaks for itself. I can only dream of where Bear Stearns would be if he had stayed with us."

-Ace Greenberg

Chairman to the Executive Committee, Bear Stearns

"King of Capital is about the extraordinary achievement of a man who climbed the highest pinnacles of the world of finance. Sandy Weill recognized early the transformation that was taking place in the financial markets and was able to capture many of the opportunities in them. This book is deftly written and provides many insights into today's financial markets."

-Henry Kaufman

President, Henry Kaufman &Company, Inc.

author of On Money and Markets: A Wall Street Memoir

"Synopsis" by , 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.

Along with probing Weill's signature business deals, King of Capital traces the path this feared, envied, and admired man took to get to the top. Readers will gain valuable insight into the strategies and tactics of this admired dealmaker-including his ability to turn a workforce into a family, with all the love, loyalty, battles and heartbreaks. What distinguishes Weill from the run-of-the mill executive is a laser-like focus on what he wants, trust in his lieutenants, and incredible belief in himself-conviction that he did not always possess. Weill, cowed by Bensonhurst bullies as a child, hazed as a military school plebe, intimidated by the strong personalities of some his early partners, has defied all expectations to become a CEO whose deals have had lasting impact on global finance and the economy.

Amey Stone (New York, NY) has more than ten years of experience as a financial writer. Currently, she is an Associate Editor at BusinessWeek Online, where she cowrites the daily "Street Wise" column, and is responsible for writing many of the site's lead stories on business trends, technology, and the economy, including several articles covering Citigroup and Sandy Weill.

Mike Brewster (New York, NY) is an accomplished writer, editor and financial services professional. He recently launched a career magazine called Leaders Online.

spacer
spacer
  • back to top

FOLLOW US ON...

     
Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.