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

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).
Comments (2)
  • deercreekvols
    , contributor
    Comments (5762) | Send Message
     
    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
  • a64hoo
    , contributor
    Comments (876) | Send Message
     
    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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