Citigroup Plans Gabfest For This Weekend

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Citigroup board members are said to have plans to gather for an “emergency” meeting this weekend. Up until recently, not one member knew what a joke their bank had become, and if the chairman of the board hadn’t accidentally been forwarded a widely circulated email insulting Citi that originated from an analyst at Deutsche Bank, they would’ve been none the wiser. Though no one can say for certain what will be discussed, there are obviously many, many things to choose from, including but certainly not limited to: C losing almost a quarter of its market value since it was announced third quarter earnings had dropped 57%, further writedowns, getting to the bottom of Prince Alaweed's indefatigable obsession with their CEO, and, of course, the beheading of Chuck Prince.
Citi to Hold Emergency Board Meeting [WSJ]

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