He also sold much of what at year-end 1997 had been a nearly $1.3 billion stake in the Travelers Group, which later acquired Citicorp to form Citigroup.
Within a week, however, Travelers did announce a deal to buy Salomon Inc., the parent of Salomon Brothers, and it eventually merged with Citicorp to form Citigroup.
Analysts predicted doom last year when Citibank merged with the Travelers Group and its Salomon Smith Barney operation to form Citigroup, warning that their merger advisory business would suffer.
In 1998, the Travelers Group merged with Citicorp to form Citigroup.
It was renamed to simply "Phibro" in 1996, and in 1997, Salomon was acquired by Travelers Group, which merged with Citicorp to form Citigroup in 1998.
One big merger in New York that probably will not reduce corporate donations is the $73 billion deal between Citicorp and Travelers to form Citigroup.
In 1998, Travelers, another big insurer, merged with Citicorp to form Citigroup.
Travelers itself is now merging with Citicorp to form Citigroup.
In 1998, Inner City Press took the lead in opposing the merger of Citicorp and Travelers to form Citigroup.
In 1998, Fair Finance Watch and its predecessors took the lead in opposing the merger of Citicorp and Travelers to form Citigroup.