Citigroup’s CEO Walks Off With A Quarter $Billion – Shareholders Down 89% | Problem Bank List
If he runs short in retirement, there's always Social Security. (maybe)
If he runs short in retirement, there's always Social Security. (maybe)
You mean the media may not be laying out all the facts and in an objective manner so the reader can decide? Shocking!Seems like a hack piece that does not tell the truth or seems place a lot of blame where they want... (and I have no dog in this hunt)....
./.
I am not trying to defend the guy at all.... heck, he could have been horrible for all I know.... but the article seems to place all the blame on him....
OP: Should the thread title be $261M
According to this article, Wall Street, investment bankers, and social good : The New Yorker Citigroup bought the hedge fund company for $800M, of which Pandit got $165M. The OP's article says that Pandit shut down the hedge fund and took a $200M write-off for Citigroup shortly after he joined Citi. Make what you want of that.
Got carried away.
Easy mistake tho... government makes it every day....