If you have any monetary ties to Citibank you might want to know that your money is being thrown away.
We live under the assumption that wise men (and a few women) are at the helm; especially when it comes to finance and the economy. Then we are confronted with the reality that some of the most important positions in corporate America and their BOD are filled with a bunch of narrow-minded and greedy cronies that feed on each others corrupt practices.
Hows this for an example?
Citigroup CEO Vikram Pandit was pushed out the door of his company in October after overseeing a precipitous decline in his bank’s value. Overall, Citigroup lost nearly 90 percent of its stock price during Pandit’s tenure. But that won’t stop Pandit from walking off with $6.7 million for his last year on the job:
read more; http://www.nationofchange.org/wall-street-ceo-gets-67-million-payout-after-crashing-his-company-1352699015
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