I think we both have confidence in our own abilities. We've been around for a long time and accomplished a lot. I think we can accomplish the most by sharing leadership. We can do that and accomplish much more than alone.

I have never told any analyst what he or she had to write -- and I never would, ... My conduct has been entirely appropriate and proper.

I think Deryck and Jamie have different talents and different experiences, and I think they both can learn from each other, ... I think they're going to create a fantastic team.

Deryck has done a fantastic job in really stabilizing Salomon.

Now we will have that global platform, ... That's where the change is happening in financial services.

In the last few days, our company has been severely criticized for past activities in our corporate and investment bank, ... I feel badly and I truly regret the pain that has been caused.

The companies really fit, ... [Salomon's] strengths are where Smith Barney is not strong and Smith Barney's strengths are where Salomon is not strong.

We never again want to have questions raised about the objectivity of our research, ... I have been reminded myself of how the appearance of what we do may be questioned and of how we must take care to ensure that our conduct does not raise such questions or in any way undermine our customers' or shareholders' confidence in the integrity of our business practices.

The acquisition of Golden State marks an important step in our efforts to increase Citigroup's retail distribution franchise in the U.S., and in particular significantly expand the scope and breadth of our services in California and Nevada.