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Same game as in the early 1990's. Cut overhead, clamp down on expenses. Count the pencils. However, tell me that the senior people at Citi and other banks are flying commercial coach and I will believe it. Tell me the CEO and executive team will 1) cut their base pay to maximum $500,000 with no bonus until earnings reach a sustainably higher level and 2) no options at today's prices but a large amount at $35 a share and five year cliff vesting. I'm waiting! Disclosure: Long "C"
Aug 27 11:57 am
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