Sanford I. Weill
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Sanford I. Weill
Sanford I. "Sandy" Weill (; born March 16, 1933) is an American banker, financier, and philanthropist. He is a former chief executive and chairman of Citigroup. He served in those positions from 1998 until October 1, 2003, and April 18, 2006, respectively. Early life and education Weill was born in the Bensonhurst section of Brooklyn, New York City, to Polish Jewish immigrants, Etta (Kalika) and Max Weill. He attended P.S. 200 of the New York City Public Schools system for elementary school in his local neighborhood of Bensonhurst. He also attended Peekskill Military Academy in Peekskill, New York of Upstate New York, and then enrolled at Cornell University in Ithaca, New York, where he was active in the U.S. Air Force ROTC and Alpha Epsilon Pi fraternity. In 1955, Weill graduated with a Bachelor of Arts degree in government from Cornell. Weill's middle initial of "I" is not an abbreviation for anything. In 2002, he said: Career In 1955, shortly after graduating from Cornel ...
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New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city.
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Bear Stearns
The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 during the 2008 financial crisis and the Great Recession. After its closure it was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis. In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities which were, in the case of mortgages, pioneered by Lewis Ranieri, "the father of mortgage securities." As investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially to the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try ...
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Hayden Stone, Inc
Hayden may refer to: Places Inhabited places in the United States * Hayden, Alabama * Hayden, Arizona *Hayden's Ferry, former name of Tempe, Arizona *Hayden, California, former name of Hayden Hill, California *Hayden, Colorado * Hayden, Idaho * Hayden Lake, Idaho * Hayden, Indiana * Hayden Island, Portland, Oregon, an island and neighborhood Geographic features in the United States *Hayden Butte or Tempe Butte, an andesite butte of volcanic origin in Tempe, Arizona * Hayden Creek (other) * Hayden Mountain (other) * Hayden Peak (Utah), a mountain in Utah * Hayden Valley, a large sub-alpine valley in Yellowstone National Park Other places * Hayden, Gloucestershire, a village in the UK People and fictional characters * Hayden (given name), including a list of people and fictional characters * Hayden (surname), including a list of people and fictional characters * Hayden (musician) (born 1971), a Canadian folk musician Other uses * Hayden (electronics company), a ...
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Arthur Levitt
Arthur Levitt Jr. (born February 3, 1931) is the former chairman of the United States Securities and Exchange Commission (SEC). He served from 1993 to 2001 as the twenty-fifth and longest-serving chairman of the commission. Widely hailed as a champion of the individual investor, he has been criticized for not pushing for tougher accounting rules. Since May 2001 he has been employed as a senior adviser at the Carlyle Group. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, parent of Bloomberg News. Early life and career Levitt grew up in a Jewish family in Brooklyn. Levitt's father, Arthur Levitt Sr., served as New York State Comptroller for 24 years and was sole trustee of the largest pension fund in America at the time. Levitt attended Brant Lake Camp, a summer camp for boys in the Adirondacks. He attended and graduated from Poly Prep Country Day School in Brooklyn in 1948. He graduated Phi Beta Kappa from Williams College ...
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Marshall Cogan
Marshall S. Cogan (born 1937) is an American investor and entrepreneur and former financier and trader. Cogan was the founder of United Automotive Group, which he built into one of the largest retailers of cars and trucks in the U.S. As a private equity investor, Cogan acquired a number of businesses in the 1970s and 1980s. He was also a partner of Cogan, Berlind, Weill & Levitt an investment banking and brokerage firm that would be instrumental in the consolidation of the financial services industry in the 1970s. Early life and education Born to a Jewish family, Cogan graduated from Harvard College in 1959 and received his MBA from Harvard Business School. Cogan is also an alumnus and benefactor of the Boston Latin School having graduated in 1955. Career Early career Cogan started his career at CBS and worked at the investment firm, Orvis & Co., before joining the investment banking and brokerage firm of Carter, Berlind & Weill as an auto sector research analyst in 1964. Coga ...
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Cogan, Berlind, Weill & Levitt
Cogan, Berlind, Weill & Levitt, originally Carter, Berlind, Potoma & Weill, was an American investment banking and brokerage firm founded in 1960 and acquired by American Express in 1981. In its two decades as an independent firm, Cogan, Berlind, Weill & Levitt served as a vehicle for the rollup of more than a dozen brokerage and securities firms led by Sanford I. Weill that culminated in the formation of Shearson Loeb Rhoades. Among the firms most notable partners were Sanford I. Weill, Arthur Levitt, Arthur L. Carter, Marshall Cogan, Roger Berlind, and Peter Potoma. History Early history In May 1960, Arthur L. Carter, Roger Berlind, Peter Potoma, and Sanford I. Weill formed Carter, Berlind, Potoma & Weill, the firm's earliest predecessor with capital of $200,000 contributed by the four partners. The firm's first office was at 37 Wall Street, which was followed by an office at 60 Broad Street and then 55 Broad Street. The firm brought in $400,000 (equivalent to $ mi ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ...
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Carter, Berlind & Weill
Cogan, Berlind, Weill & Levitt, originally Carter, Berlind, Potoma & Weill, was an American investment banking and brokerage firm founded in 1960 and acquired by American Express in 1981. In its two decades as an independent firm, Cogan, Berlind, Weill & Levitt served as a vehicle for the rollup of more than a dozen brokerage and securities firms led by Sanford I. Weill that culminated in the formation of Shearson Loeb Rhoades. Among the firms most notable partners were Sanford I. Weill, Arthur Levitt, Arthur L. Carter, Marshall Cogan, Roger Berlind, and Peter Potoma. History Early history In May 1960, Arthur L. Carter, Roger Berlind, Peter Potoma, and Sanford I. Weill formed Carter, Berlind, Potoma & Weill, the firm's earliest predecessor with capital of $200,000 contributed by the four partners. The firm's first office was at 37 Wall Street, which was followed by an office at 60 Broad Street and then 55 Broad Street. The firm brought in $400,000 (equivalent to $ million i ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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Carter, Berlind, Potoma & Weill
Cogan, Berlind, Weill & Levitt, originally Carter, Berlind, Potoma & Weill, was an American investment banking and brokerage firm founded in 1960 and acquired by American Express in 1981. In its two decades as an independent firm, Cogan, Berlind, Weill & Levitt served as a vehicle for the rollup of more than a dozen brokerage and securities firms led by Sanford I. Weill that culminated in the formation of Shearson Loeb Rhoades. Among the firms most notable partners were Sanford I. Weill, Arthur Levitt, Arthur L. Carter, Marshall Cogan, Roger Berlind, and Peter Potoma. History Early history In May 1960, Arthur L. Carter, Roger Berlind, Peter Potoma, and Sanford I. Weill formed Carter, Berlind, Potoma & Weill, the firm's earliest predecessor with capital of $200,000 contributed by the four partners. The firm's first office was at 37 Wall Street, which was followed by an office at 60 Broad Street and then 55 Broad Street. The firm brought in $400,000 (equivalent to $ million i ...
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Roger Berlind
Roger Stuart Berlind (June 27, 1930December 18, 2020) was a New York City theatrical producer who won 25 Tony Awards and a board member of Lehman Brothers Holdings, Inc. and Lehman Brothers Inc. He was one of the founders of Carter, Berlind, Potoma & Weill in 1960, a company that would later through Sandy Weill become Shearson Loeb Rhoades, which was eventually sold to American Express in 1981 for approximately $930 million in stock. Early life Berlind was born to a Jewish family in New York City, to Mae (née Miller) and Peter Sydney Berlind, a hospital administrator. Raised in Woodmere, New York, he attended Woodmere Academy (since renamed as Lawrence Woodmere Academy). He attended Princeton University and received his bachelor's degree in English in 1954 after completing an 82-page long senior thesis titled "The Quest of the Ideal in the Plays of Yeats and Synge". Berlind was a member of the Princeton Tower Club. The crash of Eastern Air Lines Flight 66 on June 24, 1975, k ...
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