Wall Street Council cites Citigroup head for his support of education
The University will honor Citigroup Inc. Chairman and Co-CEO Sanford L. Weill, namesake of the Cornell University medical college, with the President's Medal for Excellence at the 12th Boston College Wall Street Council Tribute Dinner in New York City on April 13.
Some 1,000 alumni, parents and friends of the University are expected to gather at the Waldorf Astoria Hotel for the annual event, which has raised more than $8 million in scholarship endowment funds for the Boston College Presidential Scholars Program. The program draws students from the top 2 percent of college applicants.
University President William P. Leahy, SJ, will present Weill with the President's Medal for Excellence, given to those individuals who have distinguished themselves through personal and professional achievements which exemplify the University's motto, "Ever to Excel."
The dinner is sponsored by the Wall Street Council, which is chaired by University Trustee Charles I. Clough Jr., former chief investment strategist for Merrill Lynch & Co., Inc., and Richard Powers, president and CEO of Van Kampen Investments. This year's dinner co-chairmen are University trustees Fidelity Management and Research Co. Vice Chairman Peter Lynch and MFP Investors LLC Chairman Michael Price; and Mario Gabelli, chairman, CEO and CIO for Gabelli Asset Management Inc.
Weill had been chairman and CEO of the Travelers Group until its October 1998 merger with Citicorp. He became chairman of Travelers' predecessor, Commercial Credit Company, in 1986, successfully leading the company through a public stock offering by its then-parent, Control Data Corp. He is also a former president of American Express Co. and chairman and CEO of its Fireman's Fund Insurance Co. subsidiary.
In April of 1998, Cornell University honored Weill, a 1955 alumnus, and his wife Joan for their support by naming the medical college and its education center after the couple. He now serves as chairman of the board of overseers for the college.
Weill worked with the New York City Board of Education in 1980 to establish the Academy of Finance, which trains high school students for careers in financial services. He is chairman of the National Academy Foundation and principal sponsor of New York City's High School of Economics and Finance.