Citigroup: Not the Reaction a Bailout Should Get [View article]
Cit's board is an embarrassment. All board compensation should be cut to $1 for 2009 if they don't resign (which they should.) The top 25 executives at Citi should voluntarily agree to work for $1 with no bonusues (cash, restricted stock or options) for 2008. The next 200 executives should get no bonus for 2008 and have their salary capped at $150,000 for 2009. If you mismanage my investment in the common and eliminate the dividend, its the least you could do. Goldman tokk the lead; you should match it quickly. I sold 50% of my posiiton last week. Long "C"
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Cit's board is an embarrassment. All board compensation should be cut to $1 for 2009 if they don't resign (which they should.) The top 25 executives at Citi should voluntarily agree to work for $1 with no bonusues (cash, restricted stock or options) for 2008. The next 200 executives should get no bonus for 2008 and have their salary capped at $150,000 for 2009. If you mismanage my investment in the common and eliminate the dividend, its the least you could do. Goldman tokk the lead; you should match it quickly. I sold 50% of my posiiton last week. Long "C"
Nov 26 10:37 am
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All Comments by Emerald »Citigroup: Not the Reaction a Bailout Should Get [View article]