Citigroup umbrella, RIP

I’ve been reading the Sandy Weill page

on Wikipedia, trying to work out why he was so attached to that bloody red umbrella:

he only bought Travelers in 1993, and then he spun it off from Citigroup in

2002. [UPDATE: David Wighton of the FT reports that “Mr Weill became attached to the umbrella after commissioning a study that concluded it was ‘the single most trusted symbol in financial services’.”]

In any case, Travelers has now bought

its umbrella back, which with any luck means it will get removed from the

Citigroup building in Tribeca – both in neon and steel form.

I’m just upset that no one is revealing how much the umbrella went for. I’m

sure it’s the most expensive umbrella ever sold.

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