A History of Makeovers Leaves Citigroup Chasing Growth
— March 30, 2017
By Roy C. Smith
Finding successful long-term business models is not something that Citi has been good at.
Walter Wriston (CEO of Citibank from 1967- 1984) developed the bank’s widespread international franchise, but he also installed a super-competitive ethos for the bank that led it to great heights before stumbling badly in the 1980s from bad loans and write-offs.
Read full article as published in Financial News.
Roy C. Smith is the Kenneth G. Langone Professor of Entrepreneurship and Finance and a professor of Management Practice.