Coming soon: The Audit explores the even bigger debt story the business press has missed.
1. Alone At the Top
27 August 2000
2.Whatever It Takes ; Sandy Weill has always rolled with the punches. Now he wants Citigroup to be not only the richest financial company but also the purest in soul.
25 November 2002
Fortune
3. Wall Street’s Toughest Boss
The Wall Street Journal
18 February 2003
4. People Power: Two Financiers’ Careers Trace A Bank Strategy That’s Now Hot —- Weill and Dimon Built a Titan By Focusing on Consumers; Today They’re Arch-Rivals —- A Risk: Higher Interest Rates
The Wall Street
16 January 2004
5. Course Correction — Behind Citigroup Departures: A Culture Shift by CEO Prince —- His New Focus on Controls, More-Bureaucratic Style Spur Exits at Top Level —- Adding Lawyers in High Places
24 August 2005
The Wall Street Journal
When Mr. Prince took over in 2003, the world’s largest financial-services company was embroiled in a series of scrapes that hurt its reputation. It was penalized for blurring the line between analysts and investment banking. It lost its private-banking license in Japan and faced probes of an aggressive bond-trading strategy in London that participants dubbed “Dr. Evil.” The Federal Trade Commission accused a Citigroup consumer-lending unit of misleading customers. And Citigroup drew flak over its role in financing fraud-ridden companies including Enron Corp., WorldCom Inc., Adelphia Communications and Parmalat. In all, the firm faced billions of dollars in fines and settlements.
6. Rewiring Chuck Prince; Citi’s chief hasn’t just stepped out of Sandy Weill’s shadow — he’s stepped out of his own as he strives to make himself into a leader with vision
BusinessWeek
20 February 2006
7. CITI’S NEW ACT Chuck Prince, Sandy Weill’s top troubleshooter, is the unlikely choice for CEO. Does he have the right stuff?
BusinessWeek
28 July 2003
8. Can Sallie Save Citi, Restore Sandy’s Reputation, and Earn ; Her $30 Million Paycheck?
Fortune
9 June 2003
I have no quarrel with the notion that the business press should be more aggressive, more ambitious and more brave. But I think you've picked a poor example on which to build that case. Back in the day, when I was a business editor (I'm now deputy editor of The New York Times Magazine), Pat McGeehan and Rich Oppel of The New York Times reported aggressively about Citi's track record as a subprime lender way back in 2000, when Sandy Weill acquired Associates, and their stories got big play in both Sunday Business and Business Day. I think that our paper's coverage on this issue since then -- by Gretchen Morgenson and many others -- has lived up to the traditional standard of afflicting the comfortable and comforting the afflicted.
Posted by Jim Schchter![[TypeKey Profile Page]](http://www.cjr.org/nav-commenters.gif)
on Wed 3 Oct 2007 at 03:55 PM
Perhaps you are unaware of the L.A. Time's aggressive coverage of Ameriquest Mortgage Co. beginning in early 2005 -- long before others got on to the subprime mess.
In a series of stories by staff writer E. Scott Reckard and contributor Mike Hudson beginning in Feb. 2005, the L.A. Times shone a light on the "boiler room" culture in some Ameriquest loan offices, the use of fraudulent appraisals to win loan approvals, and the fact that Ameriquest's ads rarely mentioned that it was a "subprime" lender -- even though at the time it was the nation's largest.
We subsequently learned that our coverage was closely followed by regulators who ultimately negotiated a $325 million settlement from Ameriquest. You can find those stories at latimes.com.
John Corrigan
Deputy Business Editor
Los Angeles Times
Posted by John Corrigan![[TypeKey Profile Page]](http://www.cjr.org/nav-commenters.gif)
on Wed 3 Oct 2007 at 04:55 PM
I could be mistaken, but this statement seems factually inaccurate --
"Ameriquest Mortgage Co., which only a few years before was still called Long Beach Mortgage Co. ..."
Long Beach Mortgage continues to exist and is owned by Washington Mutual.
Posted by CME![[TypeKey Profile Page]](http://www.cjr.org/nav-commenters.gif)
on Thu 4 Oct 2007 at 10:49 AM