While looking for my very first magazine article online (because a fourth grader had asked me about it), I came across this remarkable utterance by Sandy Weill in a 1997 piece I wrote about the Morgan Stanley-Dean Witter merger:
“I think we found out in the 1980s that you really can’t be all things to all people,” says Weill, who also initiated the unsuccessful Shearson-American Express merger.
A year later, of course, Weill decided it would be really fun to learn that lesson again. Which is why we’re now all part-owners of Citigroup.