Citi was formed by CDC.

Did you know?: citi history

Control Data Corporation

CDC background:

The supercomputer market was too small to be able to afford more than a handful of companies, so CDC started looking for other markets. One of these was the high-performance hard disk drive market, which was becoming more lucrative as personal computers (PCs) began to include them in the mid-1980s.

Through its Magnetic Peripherals unit, originally a joint venture with Honeywell and Honeywell Bull, CDC became a major player in the hard disk drive market. It was the world wide leader in 14 inch disk drive technology in the OEM marketplace in
the 1970s and early 1980s especially with its SMD(Storage Module Drive) and CMD (Cartridge ModuleDrive).

CDC was an early developer of the eight-inch drive technology that was pioneered by Shugart Associates with products from its MPI Oklahoma City Operation. Its CDC Wren series drives were particularly popular with “high end” users, although it was behind the capacity growth and performance curvesof numerous startups such a Micropolis, Atasi, Maxtor,and Quantum. CDC also co-developed the now universal Advanced Technology Attachment (ATA) interface with Compaq and Western Digital, which was aimed at lowering the cost of adding low-performance drives.

Inexplicably, CDC exited the hard disk drive businessentirely in 1988, spinning
off Magnetic Peripherals under the name Imprimis. The next year, Seagate
Technology, which had been seriously lagging in the high-end drive market,
purchased Imprimis. The remainder of CDC was renamed Control Data Systems, Inc.

Syntegra (USA), a subsidiary of the BT Group merged into BT’s Global Services
organization.

CDC’s Energy Management Division was one of the mostsuccessful CDC business
units, providing control systems solutions that managed as much as 25% of all
electricity on the planet. In 1988 or 1989 this division was renamed Empros and
was later sold to Siemens as CDC broke apart.

CDC’s services business was spun off in 1992, and it became known as the
Ceridian Corporation. Ceridian continues as a successful outsourced IT company
focusing on human resources. In 1986, Sandy Weill convinced the Control Data management to spin off their Commercial Credit subsidiary. Over a period of years Weil used Commercial Credit to build an empire that became Citigroup.

hmmm…from super computer to hard drives sounds like they probably got the Internet pretty much covered too….gee funny and you say they are tied to who?…hmmmm

If you follow the links between companies that maintain the worlds largest databases including the records of most every ones income, health, legalities and spending and then you see that their ties with groups like travelers insurance, Morgan & Stanley, Citgroup, etc…and Metalmark who specializes in MiddleMarket buyout leverages (Buying ir dismantling small to medium businesses…

Scares me specially if you see how many liberties have been removed over the last 10-20 years……yet it is still business as usual for the politicians soon if not already they can just come right out and say we really don’t care what you want! We will do as we damn well please we know everything about everyone and have the power to make the decisions you need to have made. They will be able to fabricate lies if necessary to punish those against them and can not be stopped….

Kinda makes one say hummmm….Like I heard Bush saying an international statement “You are now witnessing the beginning of the New World Order”. I was amazed that no one made any fuss over that statement?

I think what disgusts me the most is the same people who set up the whole disaster are now arranging to clean it up! I’m sure you heard cliche’s like Haste makes waste and desperation makes great deals….A lot of profit can be made from the desperate!

Makes me sad that any politicians can be so morally shallow that they don’t care what they do to the U.S.A and its people yet alone their own integrity?

Sadly, if the ‘system’ is anything like it used to be way back when, the representative is just one of hundreds of reps in a call center somewhere and they have scripted responses, and mandatory sales quotas to meet in order to keep their jobs.

It’s long since past time to shitcan the insecure credit card system. It is crazy that anyone armed with sixteen digits can have access to my money.

I’ve had headache after headache with Citibank, which has lately been one of the most customer-hostile companies out there lately. Currently, I’m fighting with them about returned check fees that are the fault of their buggy online system which still (despite my best efforts) has an old zero’d-out Citibank account listed as the withdrawal account. Sadly, since I’ve had cards with Citibank for more than a decade now, I think they know that I have little recourse but to keep the accounts open or risk a big ding on my credit scores .
Sorry… forgot to say great post – can’t wait to read your next one!

I’ve had headache after headache with Citibank, which has lately been one of the most customer-hostile companies out there lately. Currently, I’m fighting with them about returned check fees that are the fault of their buggy online system which still (despite my best efforts) has an old zero’d-out Citibank account listed as the withdrawal account. Sadly, since I’ve had cards with Citibank for more than a decade now, I think they know that I have little recourse but to keep the accounts open or risk a big ding on my credit scores .