nevjohn

Time to Unplug Citi's Leak

Matthew Goldstein needs to wipe that smirk off his face, and stop pursuing his personal peeves.

Given the circumstances, Pandit has done reasonably well at Citi. Lest we forget, just a few months back Citi was on the brink of bankruptcy. Its share price was below $1, now it is at $4+, which is a gain of 300%+

The problems at Citi were created before Pandit. He has done a reasonable job of fixing them.

At Xerox, Mulcahy Passes Torch to Burns

I don't understand this hype about Mulcahy. Over her time at Xerox, it has steadily become a nonentity in the industry. Whereas HP and Canon have market capitalizations of $80 bn and $40 bn respectively, Xerox is stuck at $6 bn.

As the previous poster notes, Xerox stock has basically fallen over the last 8 years of Mulcahy's tenure. Hardly a record anyone can be proud of.

Xerox does not even try to compete in the major growth areas anymore. Just seems to be happy trying to be a niche company, whereas once it could challenge the big boys in all areas.

Quoting the lead director of the firm for an opinion about the CEO sure is a great way to get an objective opinion!

Obama’s Compensation Limits Amount to Zip

All this grandstanding is really for Obama supporters:

1) Obama says bonuses are "shameful". Maybe he should have thought that when he voted yes on TARP. As a Senator, he took the taxpayers money and gave it to banks, who gave it to their execs as bonuses. The execs are laughing and don't care about all the noise now. The shameful behavior is that of the elected representatives like Obama who gave the taxpayers money away without first making sure it was not wasted.

2) What is the point of all these restrictions now? It means that Chuck Prince and Rubin (who destroyed Citi) walk away with hundreds of millions while Pandit (who is trying to fix the mess) has restrictions on compensation.