Follow along with Big Vik here.
- This thing caused a lot of individual stress along the way
- Finishing it is an important milestone
- This was a stress test to handle challenges, not end challenges
- If we stick to our strategy and execute like we've been executing we're going to be fine
- Personally, I'm just happy it's over...I know there a lot of people who feel that way...at least 300,000 of them (Ed. Hi-ooo).
- It demonstrates we've got the strength and the stability to handle whatever the economy throws out there
- You know what it shows? It shows we can go toe to toe with anyone out there. We knew we could but now the market knows it too.
- Our recent history didn't put us in the best possible light
- We didn't get the credit we deserve for cutting expenses
- This point is obvious but I'm still going to say it: we need to keep focussing on profitability
- You can now look at your clients with confidence
- It doesn't matter whether we make or lose money over the next two or three quarters.
- We want to pay back the TARP money with gratitude, as quickly as possible.
- Compensation is not about TARP; they're two completely different issues.
- Our core differentiator is our people and our talent
- I believe in competitive compensation and paying people for performance
- The government "really likes the company."
- We're going to be great. Just keep doing what you're doing.
Posted by guest , May 08, 2009 7:59AM
real news is far too distracting. please include a video of the cnbc sea animal band with tour next post.
thanx
Posted by guest , May 08, 2009 8:03AM
Vik's all about more Olive Garden and less Zen Garden.
Posted by guest , May 08, 2009 8:12AM
"Any other questions on comp?"
*laughter*
Glad to know they're in on the joke too
Posted by guest , May 08, 2009 8:14AM
Reminds me of the 400 pound fat chick who finishes the NYC Marathon in 14 hours.
Media cuts to the shot of her family crying, lauding the accomplishment.
But in the end you still have the same 400 pound fat chick, but now with sweaty pits.
Posted by guest , May 08, 2009 8:15AM
Point 7 currently says.."You know what it shoes"
Posted by guest , May 08, 2009 8:40AM
@4
I think i love you
Posted by guest , May 08, 2009 8:40AM
@4:
That's a good one!
Posted by guest , May 08, 2009 8:59AM
@4 picture says 1000 words
And who the hell is he kidding saying paying back TARP is not about comp?
That is like saying smoking pot is not about getting high.
Posted by guest , May 08, 2009 9:08AM
@4
A bit more accurately, after the marathon the 400lb chick is now 390lbs...then she gorges at the glorious food tents most marathons provide and blows up to 405lbs.
Crazy phenomenon, obese people get fatter after running(?) a marathon.
-Nominate me
Posted by guest , May 08, 2009 9:11AM
@8...it's for my glaucoma.
-Nominate me
Posted by guest , May 08, 2009 9:12AM
"- It doesn't matter whether we make or lose money over the next two or three quarters."
awesome.
Posted by guest , May 08, 2009 9:26AM
A CEO, of a company that I (the taxpayer) own, saying that it doesn't matter if he makes money or not?
Fire him immediately, this is unacceptable. Truly shocking, this guy's chutzpah.
Posted by Anal_yst , May 08, 2009 9:28AM
@4
Incredible.
Posted by guest , May 08, 2009 9:30AM
@12 Given their track record, I'm glad they've stopped "trying to make money."
Posted by guest , May 08, 2009 9:39AM
Re: the headline
Would someone funnier than me please make an STD joke.
Posted by guest , May 08, 2009 11:43AM
cutesy halftime speech. He should've thrown his clipboard at a few people, cursed more, and threatened to trade a few people to UBS, imo.
Posted by Debter , May 08, 2009 12:06PM
"- Finishing it is an important milestone"
read as "finishing is an important milestone"
Well, yes...yes it is. Every time I would say.
Posted by guest , May 08, 2009 1:32PM
Uh oh. The treasury just called to say they don't accept gratitude in lieu of cash.
Posted by guest , May 09, 2009 1:14AM
how many Indian heads need to screw up Citi Group