Citi never reaps

摘要

William brady (pictured above, in the middle) and Howard Sheperd had each spent more than 30 years at National City Bank before becoming its leaders in 1948. But even after all that time, they were not really sure how the sprawling financial conglomerate that would become - Citigroup made money. George Moore, who would later rise to chairman, was appointed head of a "New Look Committee" to unravel the mystery. His conclusion: "We have never really known just where we made our net profits, but have generally proceeded on the assumption that we should encourage the growth of all these businesses to the maximum, on the theory that the more they grow the more money we could make."