Customer Reviews

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

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2 star:		(1)
1 star:		(1)

 

 

Didn't Sandy buy Nikko Securities? And make it successful, as opposed to Merrill's flop with Yamaichi? I think so, and this episode is omitted from this book.

But forgive Stone and Brewster this one error because their book is excellent. It is a simple, straightforward, easily-read history of an extraordinary man's accomplishments.

I've watched Sandy through the eyes of the WSJ's reporters over the many years he's been building his legacy and I can quote a few individual soundbites like the one about Nikko, but the whole panorama of Sandy's career only came into focus with this book. A great man, Sandy is, and he makes me proud to be part of the same industry; and I hope in small ways I can imitate him.

The authors are obviously fans of Sandy's, which may make them somewhat biased, but so am I.

"King of Capital" is a must read for every investor who wants to learn more about how to be "Wall Street Smart," and how to chose effectively and honestly managed companies. Sandy Weill's clear vision, while not always apparent to those who work with him, becomes very apparent to the readers of this intriguing, reader friendly, and well-researched book by Stone and Brewster. Sandy is smart, competitive, and clean. How he became "King of Captial" should inspire future corporate leaders as they embark on their journeys which will be under closer scrutiny than ever before. However, even if you are not an investor or future CEO, this timely book is packed full of so much information about the deal makers of past few decades, that it makes for thoroughly enjoyable reading for those who desire just to be informed.

This book captures the very essence of the famous (and infamous)king of Wall Street..Sandy Weill. From his humble beginnings to his staggering success in the world of business and finance, this book leaves no stone unturned in detailing fascinating facts and trivia on both his personal and professional life.

This is a must read for any Sandy Weill fan, businessmen and businesswomen alike, or simply a CEO star in the making.

Fascinating...once you pick this book up, you won't be able to put it down!

This book has a particular appeal for two reasons: 1) Citigroup is the world's largest financial institution 2) it describes in some detail, the conflict between two storied CEO's - John Reed and Sandy Weill. Coming from the school of thought that says analyzing great business leaders may lead to my own success, I considered this book a must.

As you should already know, Sandy Weill is the current the CEO of Citigroup and formerly the CEO of Travelers. His peer at Citibank was John Reed, who was subsequently ousted. The conflict between the two is in itself an interesting story. The book contrasts the two, by suggesting Weill is bottom-line-focused while Reed was a long range thinker focused on the future of the industry and implications of technology.

There were a handful of interesting side stories, such as a Sandy's wife's psychiatrist using information gleaned from her treatment sessions to trade stock ahead of Citigroup activities. Others include Sandy's experiences at previous employers as he climbed the corporate ladder.

In short, the book is entertaining. However, there are no amazing themes or profound ideas the reader can repurpose elsewhere.

I've just started reading this book and it is most certainly a good buy. The businesswoman in me loves Weill's ability to recognize value where others fail to see it (don't all the great ones have this unique characteristic?); the future wife in me admires his dedication, love and adoration of his spouse, a true confidante and partner in every sense of the word. I really enjoy reading about powerful men who are not afraid of telling the world how much of an intellectual and mental impact their wives are. More later....

King of Capital is a refreshing departure from the countless biographies that are written for no other purpose than to profit from exposing the personal frailties of the rich and famous. Instead, authors Stone and Brewster provide an inspiring account of how Weill worked his way up from a stock runner on Wall Street to the CEO of Citigroup. The picture of Weill that emerges dispels the notion that he is merely another "Barbarian at the Gate'' who rose to the top by acquiring other companies. Unlike the Wall Street celebrities of the 1980s whose quest for personal gain caused them to look no further than the price of a company's stock, Weill forged his path to success by mastering the mundane details of his brokerage firm's back office operations. The book describes how Weill used this knowledge to acquire and successfully turn around a series of increasingly larger financial institutions that fell into disrepair. Weill's life story also tracks the evolution of the financial services industry and the demise of the Depression-Era banking laws, which prohibited banks from engaging in the securities business. Interestingly, King of Capital notes that Weill had considered as early as 1968 the concept of a financial holding company that sold an array of financial service products. The fact that Weill would go on to orchestrate a merger between Travelers and Citibank 32 years later is a testament to his vision. This book is a must read for any serious observer of the financial services industry.

Sandy Weill's story make for a good read. The dealmaker produced much larger, much more efficient and profitable business by successfully merging with one new company after another - all the while swallowing a company larger than his current. After leaving American Express, many would have though his CEO days were over. The story of the building of Citigroup is fascinating. By beginning with a troubled company, he turned it around and began the acquisition game again. When Travellers and Citicorp merged to form Citigroup it was a personal triumph for Sandy. The story in the book ends with Sansy still in charge at Citigroup and leaves the readear wondering the future hold for boy Weill and his company. Those stockholders who tagged along for the ride with Mr. Weill were very well rewarded.

I can't believe I haven't seen more reviews or information about this book. It is so easy to read and so packed with interesting business anecdotes about Sandy Weill. These reporters did a great job and offer a lot of insight about Weill. This is one of the better books (especially for a business book) that I've ever read.

The book arrived on time in great condition.I would use this way to shop again. There were no problems.It is an interesting book.

Citigroup is an amazing blend of financial services that has developed over the years into a fascinating company. This is the story of how it all came together from hard work to merges and acquisitions. The companies growth is truly amazing and this is one of the great stories in modern finance. For those who want to get a sense of where investment and banking is headed in the future this is a great starting point. It is written in plain enough language that you do not have to be a finance expert to understand it. If you are a finance expert you will see the possibilities that are occurring and understand what the ramifications of each move were on the industry as a whole. Very well written and just a great book in general.