Monday, November 5, 2007

Sandy Weill Meets Prince Alwaleed About Citigroup CEO Position

Wow, could Sandy Weill be back at the helm of Citigroup (C)?

It turn out that Alwaleed meet with Weill in October 29th in Saudi Arabia about taking over the CEO role for he company. Alwaleed has lost $4 billion the last few weeks with the Citigroup plunge and told Prince late last week "I can no longer support you as CEO".

Weill flew to Saudi Arabia on the Citigroup corporate jet to meet with Citi's largest invesor.

Citigroup has said that now that the search has opened, Weill will be considered as a replacement.

 Subscribe in a reader


blogger templates | Make Money Online