Near the end of the New York Post's big business section article discussing the advice of some analysts that Citigroup break-off its investment banking business and concentrate on lending and retail, CreditSights analyst David Hendler advocates the revival of the storied name: Salomon Brothers.
"It's too big and management needs to realize that they have the skills and disposition to manage a lending and retail operation, not an investment bank," said Hendler. "If they did a spin-off and IPO, calling it Salomon Brothers, they'd get a huge multiple from the market. Plus, people might think they were really light on their feet for the first time."
You can almost see Sandy Weill spinning in his grave. Except for the part about not being dead yet.
The Lost Citi [New York Post]