It's not just Mr. Prince my patience is wearing thin on, it is also the BOD ( www.newsvisual.com/new... ). I am waiting for them to step in and say "enough is enough, we need to regain shareholder confidence and protect investors" but I haven't seen that yet. In fact, I haven't seen or heard anything from them lately.
Citigroup May Have to Lower Dividend - Analyst [View article]
Amazing. What is going on over at Citigroup? At first many people wanted to blame Chuck Prince, but I think we should start asking the the Directors are ( www.newsvisual.com/new... ), and what are they doing? We have practically neither seen nor heard anything from them recently. They seem to blindly support Prince, but it is obvious that the stock and shareholder confidence is falling. They need to do their duty and do what is best for the investor.
While the collective experience of the Board at Citi is very impressive (here is a map of their BOD www.newsvisual.com/new... ), some drastic changes are necessary. The fact that all of these institutions allowed themselves to get dragged into the subprime mess in the first place should set off warning bells. I agree with the author, a bad 4th-quarter and heads will roll.
When Will Citi Get it Right? [View article]
Citigroup May Have to Lower Dividend - Analyst [View article]
Citigroup Earnings Preview [View article]