Tuesday, January 28, 2014

Jorge Bermudez - CEO Citigroup, Inc







  • First Aggie hired in New York location of Citibank
  • Did not speak English when arrived in the U.S.
  • New culture, new name, right answer was wrong
  • Cultural sensitivity is needed to be successful
  • First came to this country in 1962
  • Can no longer operate as a country without trade
  • Largest economy in the world = European Union
  • 2nd largest economy in the world = United States
  • Inter connectivity and interdependent countries has decreased the likelihood of the start of wars
  • If we depend on each other, we better understand each other
  • Housing industry is mostly Mexican labor
  • Products, money, people are all traded
  • On the verge of a currency war
  •       a. lowering value of currency to promote products/exports
  • Money is devalued by printing more
  •       a. why is sand cheaper than gold? because sand is everywhere
  • Younger you are the more money you spend
  • Students from over 100 countries are here

Integrity


  •       No price, only value that accrues through your life
  •       Everyone has a different view, make sure you are okay with your view
  •       Integrity compass
  •       Key to your success
  •       once lost, can't get it back

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