A New York Post editorial is calling for all of the directors to be removed and the Wall Street Journal saying most of them did not deserve to remain. Murdoch owns both papers.
Says WSJ:
When taxpayers are being asked to provide the equivalent of $1,000 each in guarantees on Citi's dubious investments, how can these men possibly deserve to remain on the board?
WSJ calls for the resignation of Chairman Sir Win Bischoff, who has held senior positions at Citi since 2000, and seven fellow directors, former Treasury Secretary Robert Rubin, John Deutsch, Richard Parsons, Franklin Thomas, Michael Armstrong, Alain Belda, and Kenneth Derr, who have all served for more than 9 years.
NyPo keeps things simple.
The Headline: BOUNCE THESE BOZO BANKERS
The Conclusion:
There should be no mistake about where the responsibility resides.
That would be with the Citigroup board of directors - and Robert Rubin in particular.
Do you know whY? "Citi never sleeps."
ReplyDeleteNo, Why?
Because It has "too many" problems. No wonder it can never sleep. CitiBank gave us this hint about their troubles a long time ago and they came out with
their catchy slogan to re-introduce recently. - CITI NEVER SLEEPS - of course,
At this time (January 2009), we do not have any control over the situation - so
- only thing we can do is "laugh" at Citibank
Do you know whY? "Citi never sleeps."
ReplyDeleteNo, Why?
Because It has "too many" problems. No wonder it can never sleep. CitiBank gave us this hint about their troubles a long time ago and they came out with their catchy slogan to re-introduce recently "CITI NEVER SLEEPS" of course.
At this time (January 2009), we do not have any control over the situation - the only thing we can do is "laugh" at Citibank