|The Check's in the Mail |
The really big check, that is
1. 'Weill, Weil, Gotshal & Manges' Has a Nice Ring to ItOn Thursday, Citigroup ( C) recorded
Wow. Some companies aspire to $4.95 billion in income. Others aim for $4.95 billion in revenue. But for Citigroup, it's just a legal expense. A footnote. Unbelievable.
So here's our unsolicited advice for acquisition-crazed Chairman Sandy Weill: Forget about buying up all those banks you covet. The next time the company's money is burning a hole in your pocket, do yourself a favor and buy a law firm.