by filing a lawsuit against outgoing chairman Dick Parsons and handful of executives for stuffing their pockets while running the bank into the ground.
Anyone familiar with Dick Parsons’ past could have told you his term as Citigroup’s chairman would end like this: Shareholder lawsuits, executive pay scandals, and corporate failure on a colossal scale.
The Wall Street Journal is reporting that Citigroup will name Michael O'Neill, the current chair of Citibank North America, as the bank holding company's next chairman to replace current chair Dick Parsons when his term ends. This i... Read Post
Mike Mayo, author of "Exile on Wall Street" and banking analyst for CLSA, said Citigroup's chairman Dick Parsons should step down for failing to shake the bank's corporate governance issues. The thing is this isn't the first time he... Read Post
Top banking industry executives are striking back against the surge in populist outrage. Dick Parsons, the Chairman of Citigroup (C) and former CEO of Time Warner says it's not right to just blame bankers for the financial crisis. A... Read Post