Big important changes at Citi today! A few people have been appointed to Subcommittees of the Audit Committee and the executive committee, which never met and had few responsibilities beyond setting out leaf cookies, is being disbanded. Now, I know what you’re going to say–deck chairs on the Slocum, etc. Wrong. Insiders tell Dealbreaker that the aforementioned measures are merely Citi’s way of easing into things; by Friday, IB and prime brokerage will be gone, as well, modifications sure to have an affect on the crippling adversity currently faced by the firm (whether this will translate to profitability or simply get people to laugh, which they never do anymore, remains to be seen). And speaking of unorthodox tactics that maybe could shock everyone by being effectual, prints of the following will be hung in all men’s room, starting tomorrow.
[via Portfolio]
Announcement Concerning Board Administrative Changes [Citi via DealBook]
Fuck Bob Rubin, Fuck Fuck Bob Rubin!
Hopefully this is a resting point on his long journey out the door.
I want Vikky and Thain in a triathlon, consisting of: mud wrestling, calculus, and Electronic Battleship.
Bob Rubin is my idol! All that comp and no responsibities. Hasn’t taken any heat for the disasters of the past few years despite being on the executive committee the whole time.
so a hairy indian dude is going to eyeball my wang while i whiz? no wonder they call it sh1t1 bank!
Bess,
Cool reference to the General Slocum tragedy. You really are a smart cookie.
http://en.wikipedia.org/wiki/General_Slocum
Do you need some lawyerly love?
Bess, thank you for posting the Vik pic!
Wealth, age, power, and shopping at Barney’s have all agreed with him.
#2 Sallie and Thain would be more interesting. In the electronic battleship, of course.
Bess, is that your high school prom date? Nice jacket man!