Pubdate: Tue, 28 Nov 2000 Source: Spokesman-Review (WA) Copyright: 2000 Cowles Publishing Company Contact: P.O. Box 2160 Spokane, WA 99210 Fax: (509) 459-5482 Website: http://www.spokesmanreview.com/ Forum: http://cg.zip2.com/spokane/scripts/community.dll?ep=1 REPORT: SON OF CITIGROUP BOSS LEFT OVER DRUG PROBLEM NEW YORK -- The son of Citigroup Inc. chairman Sanford Weill left his position overseeing the company's $113 billion investment portfolio after erratic behavior at business functions and amid a battle with cocaine addiction, The Wall Street Journal reported Wednesday. Marc Weill earned more than $2 million annually managing the vast holdings in stocks, bonds and other investments at the nation's largest bank holding company. He also was on the 19-member management committee, which sets policy for the banking, insurance and brokerage powerhouse. In July, Sanford Weill told the company's board that his son was leaving the firm, but did not explain why, said a meeting attendee. Weill, 44, left the firm amid a battle with cocaine dependency, the Journal said, quoting a source familiar with the matter. The newspaper cited a number of reports where Weill acted erratically at business functions and dozed through meetings. Marc Weill's ex-wife, E.D. Donahey, told the paper that "Marc is in treatment for drug addiction." Donahey said she was talking to the paper to try to help Weill recover. "The only thing that's important is that Marc is getting help for his drug addiction." Marc Weill's problems did not appear to affect the success of Citigroup's investment portfolio. In the first three months of 2000 -- his last full quarter at the firm -- the investment unit was one of Citigroup's most profitable divisions. Income from venture capital and Citigroup's own investment portfolios jumped to $634 million from just $90 million in the year-ago period; the amount totaled 17.5 percent of Citigroup's profit for the quarter. A Citigroup spokesman could not immediately be reached for comment on the story. - --- MAP posted-by: Keith Brilhart