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Citi To Score Board Member With Financial Acumen

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Barring any last minute violent protests from certain shareholders (Alwaleed) who've gotten comfortable with a precipitously falling stock price, Citi is reportedly thisclose to announcing that Harvard Business School dean Jay O. Light will join its board. Though his expertise would be a sharp departure from that which has guided big C of late, the bank's directors were said to be intrigued by Light's skills in asset and risk management ("What isss this?"). And, if nothing else, thought it'd be something interesting to experiment with. CEO Vikram Pandit is apparently all for the appointment, and working hard with the board on the search to fill at least two other seats expected to be left open in the next several months, "zeroing in" on potential candidates proficient with "finance and investments." So if you know anyone, perhaps yourself or an enterprising first year, do not hesitate to get in touch.
Dean of Harvard Business School May Join Citigroup's Board [NYT]