Comments on: Rubin To Pandit: “Let me begin by stressing that I have great respect for you and the job you have been doing in addressing…Citi’s complicated challenges.’

By: guest

guest — Mon, 12 Jan 2009 13:46:07 +0000

Rubin might belong in the dust bin of financial history, but why isn’t anyone picking on Sandy Weill? I was working for Solly back in ’97 when Sandy bought Solly. His first moves were to cut Solly pay & benefits and award himself $200M+ in stock and options. Then Sandy goes and gives that money to Carnegie Hall and people think he’s generous.
Bernie might have run a ponzi scheme, but Sandy ran a shell game of buying, selling and spinning off companies without increasing shareholder value.

By: guest

guest — Mon, 12 Jan 2009 13:22:45 +0000

Robert Rubin’s do do list:
- call Bill Clinton to get a high paying do nothing job again
- call Monica Lewinsky for a dinner date
- call Lloyd Blankenfein and beg for a job
- new socks, the ones with the gold toe and heel
- vacation plans on Richard Branson’s island

By: guest

guest — Mon, 12 Jan 2009 13:08:07 +0000

34 – yes, yes, and yes again (from experience). Bravo.

By: guest

guest — Mon, 12 Jan 2009 09:58:47 +0000

“Invaluable contribution…”
OED definition of ‘invaluable’ follows:
invaluable (In”v&lju:@b(@)l), a. (n.) [in-3.]
1. That cannot be valued; above and beyond valuation; of
2. Without value, valueless.
Your call…

By: guest

guest — Mon, 12 Jan 2009 02:15:02 +0000

Bob should ditch the concerned citizen BS…get an effing job …perhaps actually visit one of those distressed “urban & rural” communities. Maybe move into a double-wide or better yet, help the poor bastards that have C sub-prime mtgs figure out how to pay them…but when you move in his circles, it’s better to “advise” than to actually contribute…what an ASSHOLE.

By: guest

guest — Mon, 12 Jan 2009 02:07:57 +0000

Think the old Solly crowd is rollin’ over in their cabanas or screamin’ bloody murder about how a GS alum screwed the pooch on this one…now that GS has been globally deified in all quarters, they must be proud to have passed the crap to the unsuspecting retards at C (w/, of course, an intermediate stop at Treasury to embellish the bona fides). Maybe C can reclaim part of his comp as a charitable deduction.

By: guest

guest — Sun, 11 Jan 2009 15:23:02 +0000

@21 well played Trebeck

By: guest

guest — Sun, 11 Jan 2009 15:14:56 +0000

the problem is not Bob, is Vikram Bandit who is an incompetent idiot, he was fired at MS, run down a hedge fund and now has destroyed Citi…he should go to India to run Satyam Computer Services

By: guest

guest — Sun, 11 Jan 2009 04:27:09 +0000

What a stupid F—!! This guy used his “Wall Street Credentials” to get a job lining up Bill Clinton’s interns, shooting Hillary’s lover, Vince Foster and then used that “Resume Building experience” to get a free pass position at Citi.
Then back on Wall Street, the only guy that didn’t sleep while Citi burned was the guy bring the money from the bank’s vault to one of Bobby Rubin’s Mansions.
This guy should share a cell with Madoff, they both stole alot of money from alot of people.
If you think I am angry, imagine how angry I would be if I was long “C” or lost my Citi job in one of the many restructurings that the aging Bobby oversaw but didn’t have responsibility for?
Bob – may your retirment be short and your jail term long!!!

By: guest

guest — Sun, 11 Jan 2009 03:19:55 +0000

Ok, I read a piece of the article, anyone who mentions age of any person regardless should not be deemed as anyone responsible for anything period, forget CITI….thank god I don’t work for this firm, god bless all of you dealing with this POS!!!!

By: guest

guest — Sat, 10 Jan 2009 23:42:21 +0000

@17 & @30 This is the real story. Where’s Barney Frank. Vikram needs to give the $ back before picking the pockets of those of us who work hard in this country and pay taxes.

By: Anal_yst

Anal_yst — Sat, 10 Jan 2009 20:49:29 +0000

The best part about Citi is that now there is a massive effort to “cut costs” across the board. Cut jobs (there are alot to cut, the hierarchy is about as flat as the the Himalayas), shed “non-core” businesses, etc.
What Pandit (and his minions) fail to realize, apparently, is that unless the effort is intended to be more window dressing, they’re not addressing the fundamental issues which have – and continue to cause – Citi to suck ass.
Namely, finally committing to single, modular systems firm-wide (instead of several, often redundant systems operating simultaneously), flattening the management structure, and adopting an operating philosophy that doesn’t involve shooting itself in the foot.

By: guest

guest — Sat, 10 Jan 2009 19:39:21 +0000

For all the things left undone according to the media, good riddance. I don’t know how you get a multi-million dollar a year job with govt and Citi and do nothing constructive and now, walk away pockets full. Here is the place for a BULLSHIT.

By: guest

guest — Sat, 10 Jan 2009 18:55:25 +0000

Viktoria kissed Barbara on the cheek, then departed to her drawing room. Whereupon she drafted the first couple of paragraphs (which she then emailed to Barbara). Barbara went agro, got rid of her iphone and and went old school with cut and paste instead. She cutted and pasted from Viktoria’s email, and laughed the next day when she realized how obvious it was to all that her own thoughts started with the word When.

By: guest

guest — Sat, 10 Jan 2009 18:23:48 +0000

No matter what happened at Citi, Rubin was still one of the best Treasury secretaries in history, and nothing can take that away. I wish him good luck.