
Sanford Weill
Net worth: $1.1 Billion
Swineford Weill began his
career with financial institutions as a bank clerk over forty
years ago. He's come a long way since, now holding the reins
as Chairman and CEO of the world's largest banking institution:
Citigroup. As top dog of the company that holds funds for weapons
manufactuers, food conglomerates, manufacturing firms, insurance,
investment companies, and more, Weill controls over $1 trillion
in assets.
Weill has
sat on the boards of weapons corporations (United Technologies),
chemical companies (DuPont), and several communications companies
such as AT&T
and the failed WorldCom, just to name a few. In May of 2004,
Weill and Citigroup conceded to pay 2.65 billion dollars to settle
a class-action lawsuit for playing a role in misleading investors
in failed telecom giant WorldCom (which is now thriving as MCI
due to billions of $$ in contracts in Iraq). In 1985 he served
his first executive position as president of American Express.
Weill also founded the insurance giant Travelers group which
merged with Citicorp in 2001 to form what we now know (and hate)
as the world's largest money firm, Citigroup.
Weill sits on the board of directors of one of America's most prestigious
universities, Cornell.
Affiliations: AT&T,
Cornell University, DuPont, United Technologies, Travelers
Insurance Group (founder), American Express (president)
2003 salary: $30 million