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Sanford I. Weill Biography

Sanford I. Weill, Businessman
Attr: David Shankbone, CC BY 3.0
Known asSandy Weill
Occup.Businessman
FromUSA
SpouseJoan Weill
BornMarch 16, 1933
Brooklyn, New York, USA
Age91 years
Sanford I. Weill, also known as Sandy Weill, was born upon March 16, 1933, in Brooklyn, New York City, to Polish immigrants. He matured in the Bensonhurst community in Brooklyn and later attended the Peekskill Military college in Peekskill, New York, before signing up at Cornell University, where he would finish in 1955 with a Bachelor of Arts degree in government.

In the late 1950s, Weill began his job on Wall Street and started what would certainly become a phenomenal journey through the world of finance. In 1960, he co-founded the Wall Street investment firm Carter, Berlind, Potoma & Weill with three other affiliates. From the get go, Weill was involved in every information of his firm's procedures, from buying workplace equipment to determining what companies to buy. Over the next 20 years, Weill's firm would certainly merge and also get many various other firms, ultimately ending up being Shearson Loeb Rhoades in 1979. Back then, it was the second-largest safety and securities company in the United States.

In 1981, Weill sold Shearson Loeb Rhoades to American Express for almost $1 billion. He came to be the President of American Express and oversaw a number of considerable relocations, consisting of the procurement of Lehman Brothers Kuhn Loeb and the formation of financial backing company Lehman Brothers Merchant Banking Partners. However, his tenure at American Express was filled with clashes and disagreements with the business's CEO, James Robinson. This at some point led to his resignation in 1985.

In 1986, Weill signed up with the commercial banking field when he ended up being the CEO of Commercial Credit Company, a having a hard time consumer borrowing business. Over the next a number of years, Weill changed Commercial Credit right into a premier monetary solutions company. Under his leadership, the firm took place to get Primerica Corporation, Travelers Insurance, as well as Smith Barney, eventually coming to be Travelers Group, a flourishing economic solutions empire.

In 1998, Travelers Group accepted merge with Citicorp Inc. to create Citigroup Inc., one of the globe's largest economic services companies. The brand-new company, with Weill as CEO, ended up being an international giant with procedures in over 100 nations accommodating countless consumers worldwide. During his period, Weill managed the procurement of the Associates, the spin-off of Travelers Property Casualty Corp., and also the creation of Citigroup Asset Management.

Weill stepped down as CEO of Citigroup in 2003 as well as retired as Chairman in 2006. His time at the helm made him an online reputation as a terrific dealmaker, yet he also ran the gauntlet about the dangers of developing huge, interconnected banks. Nevertheless, Weill's impact on the monetary solutions market was profound and has left an enduring heritage, consisting of the abolition of the Glass-Steagall Act in 1999, a decision important in permitting the merger of Travelers Group and Citicorp.

Along with his service accomplishments, Weill is a kept in mind philanthropist. He and his wife, Joan Weill, are charitable supporters of education, medical care, and the arts, with contributions to various organizations, consisting of Weill Cornell Medical College, Carnegie Hall, and Alvin Ailey American Dance Theater. In 2006, Weill was granted the Carnegie Medal of Philanthropy in acknowledgment of his charitable ventures.

Throughout his storied profession, Sanford I. Weill left a lasting influence on the financial services sector. Today, he is considered a symbol in the world of money, as well as a specialized philanthropist who continues to make a difference in the lives of numerous people worldwide.

Our collection contains 30 quotes who is written / told by Sanford.

Related authors: James Robinson , Alvin Ailey (Dancer), Lawrence Taylor (Athlete)

Sanford I. Weill Famous Works:
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30 Famous quotes by Sanford I. Weill

Small: One of the people that I respect the most now, a person I think has done a heck of a lot for this world
"One of the people that I respect the most now, a person I think has done a heck of a lot for this world as a leader, is Margaret Thatcher. She helped create a world that offers us a lot of excitement as we look to the next century"
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Small: I believe in giving back very strongly
"I believe in giving back very strongly"
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Small: I remember the mentoring experiences of some teachers that I had, like a second term home room teacher
"I remember the mentoring experiences of some teachers that I had, like a second term home room teacher in public school that really was very helpful to me"
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Small: I think Latin has some logic to it and there was a discipline
"I think Latin has some logic to it and there was a discipline"
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Small: Details create the big picture
"Details create the big picture"
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Small: And it was where I learned how to play tennis and eventually became captain of the tennis team at the s
"And it was where I learned how to play tennis and eventually became captain of the tennis team at the school and was on the Junior Davis Cup in New York City"
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Small: Im not as involved in every little thing as I used to be
"I'm not as involved in every little thing as I used to be"
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Small: So its the kind of business where you cant wait to get up in the morning and read the papers, or listen
"So it's the kind of business where you can't wait to get up in the morning and read the papers, or listen to what's on the news, and you know, how the world's going to change"
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Small: Ive been involved with Carnegie Hall for the last 13 years, and Chairman for the last six. I feel reall
"I've been involved with Carnegie Hall for the last 13 years, and Chairman for the last six. I feel really good about what we've done growing our educational programs there, building a board that has made Carnegie Hall really a world-class institution"
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Small: I think we are a product of all our experiences
"I think we are a product of all our experiences"
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Small: I read a lot, but I read about the areas that Im interested in
"I read a lot, but I read about the areas that I'm interested in"
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Small: From the business point of view, always encouraging the people in our company to own stock in the compa
"From the business point of view, always encouraging the people in our company to own stock in the company, and if we're going to build something great, to have a lot of people share in the benefits of that greatness"
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Small: And I thought Id always like some form of business, I didnt know what kind of business Id go in
"And I thought I'd always like some form of business, I didn't know what kind of business I'd go in"
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Small: Our company is working with Disney to create a game for children between the ages of maybe four and 12,
"Our company is working with Disney to create a game for children between the ages of maybe four and 12, so we can teach them what the capitalist system is all about"
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Small: I think the American Dream says that anything can happen if you work hard enough at it and are persiste
"I think the American Dream says that anything can happen if you work hard enough at it and are persistent, and have some ability. The sky is the limit to what you can build, and what can happen to you and your family"
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Small: And when we used to play and fight in the streets in Brooklyn and I would get hurt or something, my mot
"And when we used to play and fight in the streets in Brooklyn and I would get hurt or something, my mother would always come out and save me. So that sort of postponed the inevitable about getting a good beating, without having somebody to come and save you"
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Small: My mother really didnt know a heck of a lot about business. She was a very good mother, that made sure
"My mother really didn't know a heck of a lot about business. She was a very good mother, that made sure we ate right and we had our cod liver oil, but didn't know a heck of a lot about what I did"
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Small: I wonder how many people would have thought at the end of World War II that the capitalist system would
"I wonder how many people would have thought at the end of World War II that the capitalist system would be one that was meeting the challenges and making things better for people as we approach the 21st century"
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Small: And learn that when you do make a mistake, youll surface that mistake so you can get it corrected, rath
"And learn that when you do make a mistake, you'll surface that mistake so you can get it corrected, rather than trying to hide it and bury it, and it becomes a much bigger mistake, and maybe a fatal mistake"
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Small: A lot of people at Shearson ended up making a lot of money because they had stock or stock options.
"A lot of people at Shearson ended up making a lot of money because they had stock or stock options. Their kids were able to go to college, and it changed a lot of people's lives"
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Small: I would say that my parents were supportive of me
"I would say that my parents were supportive of me"
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Small: I think life is sort of like a competition, whether its in sports, or its achieving in school, or its a
"I think life is sort of like a competition, whether it's in sports, or it's achieving in school, or it's achieving good relationships with people. And competition is a little bit of what it's all about"
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Small: The more we can do to create a better society, that benefits more people, the better chance we have tha
"The more we can do to create a better society, that benefits more people, the better chance we have that our society will continue to grow and prosper"
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Small: My parents moved back to New York from Florida when I was in the ninth grade
"My parents moved back to New York from Florida when I was in the ninth grade"
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Small: Learn how to be a loser, because its important to be a loser to be a winner
"Learn how to be a loser, because it's important to be a loser to be a winner"
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Small: The whole financial industry is consolidating in the United States
"The whole financial industry is consolidating in the United States"
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Small: If we build something great, like we have at Travelers Group so far, a whole host of people benefit
"If we build something great, like we have at Travelers Group so far, a whole host of people benefit"
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Small: If a person is not willing to make a mistake, youre never going to do anything right
"If a person is not willing to make a mistake, you're never going to do anything right"
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Small: Ive had a terrific life, from building one company to be the second largest company in the securities i
"I've had a terrific life, from building one company to be the second largest company in the securities industry and merging that into American Express, and becoming president of that company"
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Small: I was sort of a sissy as a little kid
"I was sort of a sissy as a little kid"
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