World Prout Assembly (Free subscription) | 05/11/2008
... worth $42 million, Citigroup’s board of directors awarded that CEO's chief financial officer, Gary Crittenden, a $12 million “retention bonus.” The company's current CEO, Vikram Pandit, did his best at the Citi annual meeting to justify this sublimely generous board gesture. Citigroup, he noted, was operating in a “competitive” environment and needed to pay well to “retain” staff....
San Diego Union (Free subscription) | 05/10/2008
... estate-related holdings. Meanwhile, the bank plans to cut costs, which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its head count by 13,200 since last summer. The moves could mean the bank loses its standing as the nation's largest if it doesn't grow other assets simultaneously. According to their most recent regulatory filings,...
Philadelphia Inquirer (Free subscription) | 05/10/2008
... anticipated rise in revenue will derive largely from cutting costs - which chief financial officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its headcount by 13,200 since last summer. At the end of last year, it had 374,000 employees.The moves announced yesterday could mean that Citi loses its standing as the nation's largest bank if it doesn't grow...
SignalBlog (Free subscription) | 05/10/2008
... sounding intense, is that “the risk manager has an ability to say no.” Chief financial officer Gary Crittenden spoke about the determined efforts that the management team is making to cut costs, including the rationalization of its randomly-designed technology. But analyst Guy Moszkowski of Merrill Lynch questioned whether technology improvements weren't going to chew up a lot of...
Cincinnati Enquirer (Free subscription) | 05/10/2008
... anticipated rise in revenue will derive largely from cutting costs - which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its headcount by 13,200 since last summer.The moves could mean the bank loses its standing as the nation's largest if it doesn't grow other assets simultaneously. According to their most recent regulatory filings,...
$$$ FINANCIAL LIVE! GURU $$$ (Free subscription) | 05/10/2008
... rise in revenue will derive largely from cutting costs -- which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its headcount by 13,200 since last summer. The moves could mean the bank loses its standing as the nation's largest if it doesn't grow other assets simultaneously. According to their most recent regulatory filings, Bank...
Time (Free subscription) | 05/09/2008
... anticipated rise in revenue will derive largely from cutting costs — which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its work force by 13,200 people since last summer.Citigroup has been under heavy investor scrutiny over the past year as the value of its stock tumbled. Many Citigroup holders have been angling for a large-scale...
The Huffington Post (Free subscription) | 05/09/2008
... anticipated rise in revenue will derive largely from cutting costs _ which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its work force by 13,200 people since last summer. Citigroup has been under heavy investor scrutiny over the past year as the value of its stock tumbled. Many Citigroup holders have been angling for a large-scale...
cryptogon.com (Free subscription) | 05/09/2008
... anticipated rise in revenue will derive largely from cutting costs — which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its work force by 13,200 people since last summer.Citigroup has been under heavy investor scrutiny over the past year as the value of its stock tumbled. Many Citigroup holders have been angling for a large-scale...
Examiner (Free subscription) | 05/09/2008
... anticipated rise in revenue will derive largely from cutting costs - which Chief Financial Officer Gary Crittenden said will mean more job reductions. Citi has so far lowered its work force by 13,200 people since last summer.Citigroup has been under heavy investor scrutiny over the past year as the value of its stock tumbled. Many Citigroup holders have been angling for a large-scale...
