Talk whatever shit you want about the former Citi chairman, and I’m sure you already have, but the man has feelings. Lots of ‘em, which he unloaded on the Times over the weekend. Sandford looks at his old firm and his heart bleeds for what it’s become, namely a place where no one will take his calls and his name is under a Do Not Admit list at 399 Park Avenue. Once the most majestic bank in all the land, thanks to Weill rolling up his sleeves and cobbling it together from repurposed Monster Truck parts, SDubs aches over the fact that this pile of garbage “will never be same company that it was.” And he acknowledges, from his office on the 46th floor of the General Motors, which he for some reason needs (in addition to “a few” assistants, and pictures of himself all over the walls), that a little bit of that is his fault. Here’s what Sandy Weill did wrong, according to Sandy Weill:
* Recommending Chuck Prince as his successor, who “let Citi’s balance sheet balloon and took on huge risks”
Here’s what Sandy Weill didn’t do wrong, according to Sandy Weill:
* Recruiting Bob Rubin
* The whole Glass-Steagall thing
* Firing Jamie Dimon
* Taking the jet to Cabo shortly after the bank received an asston of money from the government
* Whatever else you’re thinking, and trying to pin on him
As the shit started to hit the fan Weill tried to help, of course, as he is a mensch and the only who can fix this thing, but it was no use. Fools running the place didn’t want to hear from him.
Starting in late 2007, he began approaching some members of Citi’s board about returning to help with its recovery. He tried first when the board was looking to replace Mr. Prince as C.E.O., and later after Vikram Pandit got the job. At the time, Mr. Weill imagined that he would be welcomed. “I had 50 years of experience,” he says. “I think I was a pretty good student of the markets, and the business. I had a good feel of things. I felt that just because I retired didn’t mean my brain went to mush. Maybe I could help.” No one responded to his offers.
You know who would’ve responded to his offers, had he not been fired for catching a BJ on the company jet? Todd Thomson.
Mr. Thomson was forced out in 2007, Mr. Weill was one of his first calls: “I unloaded to Sandy,” Mr. Thomson says.
And while the two are still tossing around the idea to start a fund together with a bunch of ex-Citi employees where no one’s going to give you shit for accepting a blow job, or whatever, from a willing CNBC employee, Toddy-boy doesn’t do Sandy much good vis-a-vis gaining access to the building in order to go down in history as the guy who saved Citigroup, does he? So for now, all Sands can do is reflect. His wife, Joan, is a little bit more angry about the situation and by angry we mean she has an actual list of people she blames for hurting her husband, who she’s planning on murdering.
“The most important thing to my husband was his reputation, ” says Mrs. Weill, who still feels angry at the portrayal of him in the press. “There are a few people I want to kill, but I am not going to name names.”
So, that kind of kicks things up a notch, doesn’t it? Anyway, surely the Mrs has mentioned a few people she’s got her eye on (stabbing), so if you’ve heard any names, please let us know at this time.