Good article. The reason there are such golden parachutes is that boards are made up of other CEO's and they reason "there but for the grace of God go I".
How Much Credit Is Too Much? Where AmEx Went Wrong [View article]
Would really question the COF lines. Worked there and this does not even remotely match what I saw.
BTW, Cards is a business within WFC and C. And not a very large part as well. Don't confuse Citi's card standing relative to other issues with the size internally.
Finally, I am not sure you can summarize AMEX's line size this way since they issue both charge cards with no "credit line" (though they do have a guideline) and credit cards with hard limits.
Bottoming Stocks - Cramer's Stop Trading! (7/31/08) [View article]
On Banking Executives and Risk [View article]
How Much Credit Is Too Much? Where AmEx Went Wrong [View article]
BTW, Cards is a business within WFC and C. And not a very large part as well. Don't confuse Citi's card standing relative to other issues with the size internally.
Finally, I am not sure you can summarize AMEX's line size this way since they issue both charge cards with no "credit line" (though they do have a guideline) and credit cards with hard limits.