The New York attorney general’s office will question Citigroup Inc.’s Chairman and Chief Executive, Sanford I. Weill in its broad investigation of the company including the research practices of its securities-firm unit, Salomon Smith Barney.
New York Attorney General Eliot Spitzer is investigating what role Weil played in Salomon’s AT&T rating, including an upgrade made by telecom analyst Jack Grubman right before AT&T Wireless’s IPO. Mr. Weil sits on the AT&T board and recently announced he has resigned it.
AT&T CEO C. Michael Armstrong is a member of the Citigroup board.
(via The Associated Press)
6 responses so far ↓
Richard Shaffer // Nov 18, 2003 at 2:14 pm
i remember that Sanford Weil was once head of American Can Co. I don’t know what the current name of American Can is or how to get in touch with whomever may have their Human Resource records. I am trying to search for information about my aunt - Florence Frucht - who worked for American Can Co. in 1929 and who passed away several years ago.
Can you help in this search.
Rod Cook // Jan 3, 2004 at 8:13 pm
That thief Weill also founded the scam house of all MLM’s - PrimeAmerica.
Jeremy Shonnefield // Feb 3, 2004 at 12:36 pm
*To Rod Cook* So then I suppose Suzy Ormon has fallen for a scam then? I think you should read things before you make statements like that. And it’s Primerica.
Steve Myers // May 27, 2004 at 2:33 pm
*To Rod Cook*
I suggest doing a little background homework before you start to point fingers on a MLM. Apparently, you have no clue what you’re talking about. I work with Primerica, and it’s truely a legit company. Let me know how you came to the conclusion that it’s a MLM, and I’ll prove you wrong.
Alyson // Aug 17, 2004 at 7:13 am
Maybe this will help you Richard. I found this on a website called:
primericabuster.bravepages.com
Here is a quote from that same page that mentions the American Can Co
.
“Primerica is a very large conglomerate. Prior to the Primerica name change back in the early 1990s, the company was known as “The American Can Company”. Prior to Sanford (Sandy) Weill assuming the position of CEO of the American Can Company, a Wall Street financier by the name of Jerry Tsai headed the American Can Company. Jerry Tsai sold the company to Sandy Weill in the late 1980s.
Prior to Jerry Tsai taking control of the organization and naming it the “American Can Company”, the organization was known as PennCorp. PennCorp was the parent company of the Massachusetts Indemnity Life Insurance Company (MILICO). “
Steve Lamonte // Aug 18, 2005 at 10:03 am
Get your facts straight! Sandy Weill never was part of American Can Corporation. Jerry Tsai transformed American Can Corporation into a financial services company and renamed it Primerica. In 1987, why still under Jerry Tsai, Primerica acquired Smith Barney the brokerage firm. In 1988, Sandy Weill’s Commercial Credit company purchased Primerica and kept the name since commercial credits name was not as good in the marketplace.
You must log in to post a comment.