Citigroup exec cashed $157M in options

Article Abstract:

Citigroup co-CEO Sanford Weill has exercised his stock options which amounted to $156.6 million in 1998. Citigroup's other co-CEO John Reed has $70 million in exercisable options which he did not realize in 1998. Reed's salary was $1.7 million and a bonus of $7.9 million. While the proxy recognized Reed and Weill's leadership in the successful merger of Citicorp and Traveler Group, it also mentions Citigroup's 'disappointing earnings.'

Commercial Banking, Commercial Banks, Citigroup Inc.

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Offbeat majors help CEOs think outside the box

Article Abstract:

This article discusses the varying educational backgrounds of CEOs of major American corporations. Only one third of the leaders of the country's 1,000 leading companies have MBA degrees and many have used liberal arts training to prepare them for their careers.

Business

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GE enters new era as a legend leaves

Article Abstract:

The article discusses the new era General Electric (GE) is entering with its new CEO Jeffrey Immelt, who may be tougher than was originally thought.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Personnel administration, Abstract, General Electric Co., GE

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