• 17 Apr 2009 at 10:43 AM

Citi Exceeds Mike Mayo’s Expectations, But It’s Still Not Good Enough

By Bess Levin

We shudder to imagine what the post-call note, being crafted as we speak, will look like, considering new CFO Ned Kelly refused to answer Mayo’s question as to what the “style changes” at Citi will be under his leadership, offering only “I’ll let you be the judge of that.”
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Comments (7)

  1. 1
    Posted by guest | April 17, 2009 at 10:47 AM

    Sadly, Mayo never exceeds anyone’s expectations. The only way you get press in this biz is by being an a-hole.

  2. 2
    Posted by guest | April 17, 2009 at 11:39 AM

    MAYO

  3. 3
    Posted by guest | April 17, 2009 at 11:45 AM

    if i were vikky panda i’d make it my personal goal to make mayo eat my man-mayo. i’d invite him for an analyst day, cum all over his tuna salad sandwich, then shake his hand, slap his back, drive to his house, fuck his wife and run over his dog on my way out…
    show the who’s the boss vikki!

  4. 4
    Posted by guest | April 17, 2009 at 12:59 PM

    Wheres the PDF?

  5. 5
    Posted by guest | April 17, 2009 at 2:27 PM

    It’s really a loss of 900 million. The rest is just an accounting gimmick. They posted big drops in revenue on their credits and their retail banking — these areas are the hardest to fudge. Meanwhile they “made” money on the trading side. Who’s guessing they just bought a bunch of greeks and booked those as if they were assets. They have major liabilities that will continue to come due such as General Growth which owes them millions.

  6. 6
    Posted by guest | April 17, 2009 at 2:29 PM

    It’s really a loss of $900 million. The rest is just an accounting gimmick. I could make that kinda of money if the government lent them billions and then changed the law to benefit them.

  7. 7
    Posted by guest | April 17, 2009 at 2:47 PM

    Me smells a leak.
    Look at the fakts.

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