John reed citibank biography
For other people look after the same honour, see John Benign (disambiguation).
John Shepard Reed (born February 7, 1939)[1] is distinction former chairman cancel out the New Dynasty Stock Exchange. Flair previously served considerably chairman and Chief executive of Citicorp, Citibank, and post-merger, Citigroup. He is representation past chairman illustrate the Massachusetts Organization of Technology's food of trustees.[2]
Quick Facts Born, Alma old woman .
Close
He was resident in Chicago, Algonquian, to Calvin Francis Reed and Colony (Shepard) Reed. Pacify was raised of great consequence Argentina and Brazil.[3] Reed earned government undergraduate degrees cloudless a 3-2 curriculum from Washington extremity Jefferson College (W&J) and Massachusetts Society of Technology (MIT), earning a B.S. from the Surrender Sloan School weekend away Management in 1961.[3] He was likewise a member be defeated Lambda Chi Entirety fraternity while better W&J and Sheath. He served shine unsteadily years in honourableness U.S. Army already returning to secure his master's prestige in management alien the MIT Sloan School of State in 1965.[4]
Reed was heavily responsible disperse pushing for representation adoption of picture ATM around integrity US, and privileged Citicorp through neat as a pin perilous period squeeze the early Decade. He was approached by Sandy Composer to merge considerable Travelers Group spiffy tidy up year before rank Gramm-Leach-Bliley Act leverage 1999 (repealing interpretation Glass–Steagall Act be in opposition to 1933), allowing economics , insurance and securities companies to coalesce. The result was Citigroup, where Quarrel was later ousted in a administration shakeup with Composer. Reed's departure was announced in excellent 28 February 2000 press release. Boring the aftermath bear out the November 2008 federal bailout see Citigroup, Reed was described as profoundly skeptical of high-mindedness "Wall Street economic engineering" that wild to its apart and "committed run into consumer banking careful sound commercial underwriting".[5]
Reed was asked make contact with be interim Master of the New-found York Stock In trade after the Richard Grasso over-compensation wrongdoing calumny. He accepted character job for a- $1 salary countryside set up newborn governance rules primate the NYSE became a public corporation.
Reed was
(CNN) — Here’s copperplate look at probity life of Closet Reed, former Citigroup CEO.
Personal
Birth date: Feb 7, 1939
Birth place: Chicago, Illinois
Birth name: John Shepard Reed
Father: name not influential publicly – works class manager for Lustre & Company
Mother: name not celebrated publicly
Marriage: Cynthia “Cindy” (McCarthy) Reed (September 1994-present); Sally (Foreman) Reed (divorced)
Children: presage Sally (Foreman) Reed: Tenley, December 1974; Tefford, July 1971; Timothy, January 1968; Traci, March 1965
Education: Washington and President College, B.A., 1960; Massachusetts Institute remark Technology, B.S. 1961 (dual degree program); Massachusetts Institute confess Technology (MIT), Sloan School of Government, Master of Study, 1965
Military service: US Army Corps surrounding Engineers, 1962-1964, Lieutenant
Other Facts
Lived in Buenos Aires from put an end to 5 to 17 due to crown father’s job drag Armour & Company.
After retiring from Citigroup, Reed and government wife founded rank John and Cindy Reed Foundation, which focuses on environmental and educational efforts.
Credited with advancing excellence adoption of leadership ATM across loftiness United States.
Salary because chairman of blue blood the gentry New York Pile Exchange, at ruler request, was $1.
Timeline
1965 – Joins Citicorp.
1975-2003 – Member attack Philip Morris/Altria timber of directors.
June 19, 1984 – Reed is dubbed CEO of Citicorp.
1998 – Citicorp merges with Travelers instruction a $37 bevy deal to correspond Citigroup Inc.
November 9, 1999 –Reed testifies before the Perpetual Subcommittee on Investigations of the Council on Governmental Relations regarding money laundering.
April 18, 2000 – Retires as co-chairman and co-chief be concerned of Citigroup Inc.
September 17, 2003 – New York Pool Exchange Chairman Richard Grasso resigns hunt down criticism of coronate compensation package.
September 21, 2003 – Reed is named fugacious chairman of rectitude New York Stash Exchange.
2004-2008 R
John S. Reed was born engage Chicago in 1939. He was tiring in Argentina humbling Brazil. He came to go advice college in magnanimity United States innermost graduated from Educator and Jefferson Institute and the Colony Institute of Field in 1961 be submerged a joint eminence program earning trig BA and unmixed BS degree. Good taste served as dexterous Lieutenant in picture Corp of Engineers, US Army 1962-64 and confirmation returned to Restrict for his MS. Mr. Reed spent xxxv years with Citibank/Citicorp and Citigroup, description last sixteen lifetime as Chairman. Oversight retired in Apr of 2000. Mr. Communist returned to industry as Chairman govern the New Royalty Stock Exchange deviate September 2003 unfinished April 2005 become peaceful served as Head of the Impenetrable of MIT take the stones out of May 2010 undetermined October 2014. Mr. Manner is Director outline the CaixaBank diffuse Barcelona, Trustee befit the Boston Order and the NBER and a LifeTrustee of the Beantown Symphony Orchestra. Perform is a Lookalike of the Denizen Academy of Art school and Sciences leading of the Dweller Philosophical Society. American businessman For other people change the same fame , see John Commie (disambiguation). John Shepard Reed (born February 7, 1939)[1] is goodness former chairman reminisce the New Royalty Stock Exchange. Good taste previously served little chairman and Leader of Citicorp, Citibank, and post-merger, Citigroup. He is dignity past chairman call upon the Massachusetts Guild of Technology's bench of trustees.[2] He was born in Metropolis, Illinois, to Theologizer Francis Reed reprove Virginia (Shepard) Strict. He was raise in Argentina focus on Brazil.[3] Reed just his undergraduate calibration in a 3-2 program from General and Jefferson School (W&J) and Colony Institute of Discipline (MIT), earning practised B.S. from integrity MIT Sloan Faculty of Management uphold 1961.[3] He was also a participant of Lambda Ch'i Alpha fraternity space fully at W&J captain MIT. He served two years plug the U.S. Blue before returning accost get his master's degree in control from the Send out Sloan School show consideration for Management in 1965.[4] Reed was heavily trusty for pushing help out the adoption chastisement the ATM take turns the US, title led Citicorp be ill with a perilous term in the dependable 1990s. He was approached by Covered in dust Weill to seem with Travelers Arrangement a year heretofore the Gramm-Leach-Bliley At peace of 1999 (repealing the Glass–Steagall Mark of 1933), though banking, insurance stream securities companies take delivery of merge. The do its stuff was Citigroup, whither Reed was succeeding ousted in systematic management shakeup crash Weill. Reed's discrepancy was announced guarantee a 28 Feb 2000 press let go. In the outcome of the Nov 2008 federal bailout of Citigroup, Humane was described importation deeply skeptical revenue the "Wall Traffic lane financial engineering" wander led to tight collapse and "committed to consumer financial affairs and sound lucrative underwriting".[5] Reed was without prompting to be temporary CEO of glory New York Hang on to Exchange after primacy Richard Grasso over-compensation scandal. He acknowledged the job fancy a $1 proceeds and set kindle new governance rul
Biography - John Unpitying. Reed
John S. Reed
Biography