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After Dimon's Fall

The deal of the century looked great in April, but now it's beginning to look messy

HEAVY AX
By firing Dimon, his own well-regarded protege of 16 years, Weill has risked his reputation for stable management and well-executed takeovers

MARKET TURMOIL
The severest global-market tumult in decades is hammering Citigroup's trading-oriented units, complicating reorganization

CULTURE CLASH
Hopes that Travelers' corporate culture would bring stability to the top management at Citigroup now appear naive

MUSICAL CHAIRS
The executive suite is in turmoil with Dimon's resignation as Citigroup president and his replacement by two relative unknowns, Carpenter and Menezes. More departures could further weaken Citigroup

TURF WARS
Seven months after the merger was announced, Citigroup has yet to combine corporate banking franchises. Questions about turf, layoffs, and duties--not to mention strategies--remain unclear

ABOVE THE FRAY
Reed has been offstage, giving Weill the limelight. Meanwhile, the rank-and-file are adrift



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Updated Nov. 5, 1998 by bwwebmaster
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