Citigroup: Is This Marriage Working?NEW YORK--(BUSINESS WIRE)--May 27, 1999-- One year after the integration of Citicorp and Travelers began in earnest ear·nest 1 adj. 1. Marked by or showing deep sincerity or seriousness: an earnest gesture of goodwill. 2. Of an important or weighty nature; grave. See Synonyms at serious. , there's evidence that the relationship is fraying fray 1 n. 1. A scuffle; a brawl. See Synonyms at brawl. 2. A heated dispute or contest. tr.v. frayed, fray·ing, frays Archaic 1. To alarm; frighten. 2. . Saudi Prince Alwaleed bin Talal, whose 4.8% of Citigroup (NYSE NYSE See: New York Stock Exchange :C) makes him the largest single shareholder, says he learned three weeks ago that coordination between co-CEOs John Reed and Sanford Weill has not been as close as it was when the merger was announced. The Prince tells Business Week: "I will try to see them both in July during my trip to the U.S., but I hope it will be resolved by then one way or the other." Prince Alwaleed's comments aren't the only sign of trouble. The magazine notes rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. of difficulty between the two men are rampant among insiders and ex-Citigroupers. |
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