Former Citigroup Co-Chairman Apologizes for Creating a Monster


Citigroup’s former chairman John Reed, who along with Sandy Weill helped build Citigroup into a giant fat dangerous waddling monster that is now a ward of the state, has apologized. “I’m sorry,” Reed, 70, told Bloomberg. You should know he’s hurting, too: “You could imagine emotionally it’s not easy to see what’s happened.” Well. At least with the $23.4 million he took home between 1997 and 1999, he can afford therapy. [Bloomberg]