Hmm... Robert Rubin steps down from Ford board
Robert Rubin, a member of the chairman's office at Citigroup, has stepped down as a director at Ford, citing a conflict of interest. "Citigroup's multifaceted relationship with Ford could raise a question" about the appearance of a conflict, he noted in a letter. This comes at a time when rumors are rife that Ford will attempt a buyout of some sort. So the obvious thought is that the Ford family may need financing and advice--and that Citigroup would be a strong candidate.
For more on Ford's financial woes:
- Here's an Associated Press article
- Private equity firms may be interested in specific Ford assets. Article
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