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Michael Corbat takes charge at Citigroup (C) where bonuses are said to be cut by as much as 10%,...

  • Thursday, November 29, 2012, 10:56 AM ET
    Michael Corbat takes charge at Citigroup (C) where bonuses are said to be cut by as much as 10%, and another 150 jobs will be eliminated from the securities and banking division, reports Bloomberg. The bank had previously announced 1,550 cuts for that unit (currently employing about 17K).
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This news story has 2 comments:

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    Merry Christmas to the Citigroup executives who will be enjoying their Holiday Party in a few weeks while over 1600 employees will be celebrating being unemployed. How big will the bonus checks be after the 10% has been cut?

    At what point does the CEO of Citigroup blame these job cuts on the fiscal cliff?
    29 Nov 2012, 08:34 PM Reply Like
  •  
    Well those 1600 will no doubt help insure that the top dogs in the kennel will get their bonus money for Christmas.
    30 Nov 2012, 06:24 AM Reply Like
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