Barring any last minute violent protests from certain shareholders (Alwaleed) who’ve gotten comfortable with a precipitously falling stock price, Citi is reportedly thisclose to announcing that Harvard Business School dean Jay O. Light will join its board. Though his expertise would be a sharp departure from that which has guided big C of late, the bank’s directors were said to be intrigued by Light’s skills in asset and risk management (“What isss this?”). And, if nothing else, thought it’d be something interesting to experiment with. CEO Vikram Pandit is apparently all for the appointment, and working hard with the board on the search to fill at least two other seats expected to be left open in the next several months, “zeroing in” on potential candidates proficient with “finance and investments.” So if you know anyone, perhaps yourself or an enterprising first year, do not hesitate to get in touch.
Dean of Harvard Business School May Join Citigroup’s Board [NYT]

Comments (30)

  1. Posted by guest | July 9, 2008 at 10:57 AM

    Yeah Harvard! Go to hell you second tier, low-life, mediocre scumbags from Wharton, Chicago, Stanford, Kellogg & Columbia.
    -HBS ’04

  2. Posted by guest | July 9, 2008 at 11:01 AM

    HBS 04, you are the reason why the Jeffrey Skillings of the world go to Harvard.

  3. Posted by guest | July 9, 2008 at 11:05 AM

    I have taken a course called Introduction to Financial Management through my Entrepreneurship minor. Do I qualify?

  4. Posted by guest | July 9, 2008 at 11:07 AM

    Here we go again with Ivy league snobbery and elitism.
    “Hey my building is covered more than the buildings on your campus. Ergo you suck.”
    WHat elitist douchebags.

  5. Posted by Clown Capital | July 9, 2008 at 11:09 AM

    Now if only our presidential candidates would unlock their capacity for intelligence and hire accomplished academicians to help them formulate a better economic reparation plan than the crap their spewing…

  6. Posted by guest | July 9, 2008 at 11:11 AM

    Now if only people could spell their/they’re correctly.

  7. Posted by guest | July 9, 2008 at 11:12 AM

    @11:07
    the real douchebags are the guys over at citi who are hiring anybody to give themsleves some credibility.
    this is just window dressing. remember guys these are the people at citi who have robert rubin on their board. that man was asleep at the wheel while he got bonuses of millions. he didn’t help with the problems either. so what difference does it make if they get some ivory tower elitist to lend them some credibility. options markets indicate that the stock of citi is likely to decline to $12 before the end of the year from $18 now – a sweet 50% profit for shorters if you short it now. wonder if this toolbag from harvard or rubin or panit can stop it.

  8. Posted by guest | July 9, 2008 at 11:12 AM

    I think the Motley Fool guys are available….

  9. Posted by Clown Capital | July 9, 2008 at 11:14 AM

    @11AM
    I believe the appropriate term would be “use” not spell. Yes I made a mistake. Blow me you f&c*ing crack whore.

  10. Posted by Clown Capital | July 9, 2008 at 11:14 AM

    @11:11AM
    I believe the appropriate term would be “use” not spell. Yes I made a mistake. Blow me you f&c*ing crack whore.

  11. Posted by StMarc | July 9, 2008 at 11:19 AM

    11:05: Unfortunately, you are overqualified, in that you have not yet taken sufficient high-level finance courses to enable you to disengage your primary-school mathematical education whenever somebody waves a complicated chart in your face.
    M

  12. Posted by guest | July 9, 2008 at 11:22 AM

    didnt George Bush go to HBS?

  13. Posted by guest | July 9, 2008 at 11:24 AM

    Ohhhhhhhhhhh messing up my shiti balance sheet….damn monogowians

  14. Posted by guest | July 9, 2008 at 11:26 AM

    Little quick on the trigger, 11:14/11:14?
    Got you some DTs?
    Who’s (or, to you, ‘Whose’) the crack whore?

  15. Posted by guest | July 9, 2008 at 11:32 AM

    Didn’t George Bush go to Harvard Business School?

  16. Posted by Clown Capital | July 9, 2008 at 11:34 AM

    @11:26
    “Who’s” is correct in regard to your question’s context. “Whose” is a possessive pronoun and would not make sense given the question, “Whose the crack whore?” (since the crack whore is not being owned but the title is being attributed to someone.)
    Sheeeeeeeeeeeeeeeeeeeet…

  17. Posted by guest | July 9, 2008 at 11:50 AM

    No shit, sherlock. I was pointing out how you don’t seem to understand the difference between noun-verb contractions and possessive/adjective pronouns.

  18. Posted by guest | July 9, 2008 at 11:55 AM

    Just what Citi and Wall St. needs…more douche bags from Harvard. Bring back the Vito’s from Brooklyn. They’ll know what to do with the board.

  19. Posted by guest | July 9, 2008 at 11:59 AM

    Since everyone in here is SOOOOO smart and went to freakin’ ivy league schools… you can tell me the answer to this question:
    How in the hell do you find out the answers to the gawker’s blind item roundups?
    Those are the serious issues we are dealing with.

  20. Posted by guest | July 9, 2008 at 12:01 PM

    Agreed. Leave the criminal activities to the people that know what they are doing.
    Shouldn’t these Ivy Leaguers be doing things befitting their status in life like curing cancer while servicing supermodels.

  21. Posted by guest | July 9, 2008 at 12:01 PM

    11:59 here
    I don’t need the grammer police coming after me either…
    I went to public school BEEOOTTCCHH!

  22. Posted by Anal_yst | July 9, 2008 at 12:05 PM

    New Rule: No correcting anyone’s spelling/grammar unless responding to someone violating this rule who themself exhibited poor grammar/spelling/etc.

  23. Posted by guest | July 9, 2008 at 12:09 PM

    As long as the stock price goes back above $35, I do not care if he went to Harvard, U. of Phoenix, Devry, or High School.
    Just make the stock move.
    Frustrated stock holder.

  24. Posted by guest | July 9, 2008 at 12:15 PM

    I think clown capital’s orginal posting is fine- “their” is used appropriately, so everybody take a chill pill….

  25. Posted by guest | July 9, 2008 at 12:23 PM

    12:15 = idiot. Go back to Harvard.

  26. Posted by guest | July 9, 2008 at 12:46 PM

    @11:12, while I largely agree with your point about individual board members generally being useless I seriously question how you think the options indicate that the stock is “likely to decline to $12.00 by the end of the year.” Then again stating that a $6 break on an $18 stock makes for a 50% gain for short sellers tells me all I need to know about your math skills.

  27. Posted by guest | July 9, 2008 at 1:56 PM

    12:23 i will take an apology
    Their- posessive pronoun referring to candidate’s capacity for inteligence
    They’re- contraction of they are- totally incorrect application.
    So 12:23- thanks for your contribution back to the 5th grade please

  28. Posted by guest | July 9, 2008 at 3:22 PM

    1:56, I think you’re reading the wrong part of the post; it read:
    “…and hire accomplished academicians to help them formulate a better economic reparation plan than the crap their spewing…”
    See the penultimate word. Still think that’s correct?

  29. Posted by guest | July 9, 2008 at 7:00 PM

    12:09 – Above $35 can be done. Not US$ or C$, you understand, but I’m certain we can find something that calls itself a “$” and can list at 35.
    (Checks FX tables; realises that renaming the ITL doesn’t work.)
    Uh, how do you feel about Yuan? Or the Russian Rouble? We can probably get you that one even tomorrow; not certain about next week.

  30. Posted by guest | July 10, 2008 at 5:38 AM

    I can see Citi equity worth Z$35 within a few months…

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