Entry in progress—B.P.
Wikipedia: Walter Wriston
Walter Bigelow Wriston (August 3, 1919 – January 19, 2005) was a banker and former chairman and CEO of Citicorp. As chief executive of Citibank / Citicorp (later Citigroup) from 1967 to 1984, Wriston was widely regarded as the single most influential commercial banker of his time. During his tenure as CEO, the bank introduced, among other innovations, automated teller machines, interstate banking, the negotiable certificate of deposit, and “pursued the credit card business in a way that no other bank was doing at the time.” With then New York Governor Hugh Carey and investment banker Felix Rohatyn, Wriston helped save New York City from bankruptcy in the mid-1970s by setting up the Financial Control Board and the Municipal Assistance Corporation, and persuading the city’s union pension funds and banks to buy the latter corporation’s bonds.
Capital goes where it’s welcome and stays where it’s well treated.—Walter B. Wriston
Google News Archive
22 August 1947, Calgary (Alberta, Canada) Herald, pg. 4, col. 1:
Capital Only Goes Where It’s Welcome
Super Market Merchandising
BUSINESS GOES WHERE IT’S WELCOME
It’s an old adage, but a true one — customers do go where they feel welcome.
Google News Archive
16 February 1958, Salt Lake Tribune (Salt Lake City, UT), “Up and Down the Street” by Robert W. Bernick, pg. 14B, col. 1:
But all of the reasons can be traced back basically to the fact that “capital goes where it is appreciated.”
Report of the Fiftieth National Foreign Trade Convention
New York, NY: National Foreign Trade Council, Inc.
As one experienced and articulate international business executive has said so well, “Private capital goes where it is wanted, and will remain where it is well treated.”
Foreign Enterprise in Colombia:
Laws and policies
By Seymour W. Wurfel
Chapel Hill, NC: University of North Carolina Press
It has been aptly stated that “Capital goes where it is wanted, and stays where it is well treated.”
Food & fiber for the future:
Report of the National Advisory Commission on Food and Fiber
By Sherwood O. Berg; United States. National Advisory Commission on Food and Fiber.
It must be the responsibility of such governments to create the climate of legal and political conditions to invite capital from aboard and to stimulate its generation at home, keeping in mind that, “Capital goes where it is made welcome and stays where it is well treated.”
Resource Guide on World Hunger
By Melvin B. Myers and John W. Abbott
New York, NY: Church World Service
It must be the responsibility of such governments to create the climate of legal and political conditions to invite capital from abroad and to stimulate its generation at home, keeping in mind that “Capital goes where it is made welcome and stays where it is well treated.”
15 April 1986, New York (NY) Times, ‘Economic Freddom Receives a Boost” by Walter B. Wriston, pg. A31, col. 4:
Today, capital goes where it is wanted and stays where it is well treated.
Rediscovering the Markets of America’s Urban Neighborhoods
The Ninety-First American Assembly
April 17-20, 1997
By The American Assembly, Columbia University
Capital goes where it is invited and stays where it is welcome.
Kudlow’s Money Politics
Friday, January 26, 2007
Capital Goes Where It’s Treated Well
Washington (DC) Post
Working up a tax storm in Illinois
By George F. Will, Published: April 29, 2011
Tim Storm’s presence in Beloit demonstrates how American federalism gives force to a familiar axiom: Businesses go where they are welcome and stay where they are well-treated.
New York City • Banking/Finance/Insurance • (0) Comments • Sunday, May 08, 2011 • Permalink