It’s almost a standing joke in New York that Thomas Theobald, one of Citicorp’s three vice chairmen and head of investment banking, shudders every time he has to entertain at the investment bank’s offices in 55 Water Street.
The floors which Citicorp rents used to belong to Lehman Brothers. They still bear the unmistakable stamp of an investment bank: panelled rooms, marbled landings and reproduction furniture. Theobald and Citi have done their best to destroy the ambiance.
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