Tag:
Richard Parsons
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Latest Headlines
Analyst Mayo vs. Citigroup chairman Parsons
Mike Mayo, an esteemed bank analyst with a long history, has not been shy about taking on Citigroup ( NYSE: C ) management. Recall his earlier dispute with CEO Vikram Pandit and CFO John Gerspach over his alleged blackballing. He has also accused them of Sarbanes-Oxley attestation violations amo
Citigroup: 'Too interwoven to fail'
When asked about too-big-to-fail and Citigroup ( NYSE: C ), Richard Parsons, the chairman of bank's board, told CNBC "It's not a question of too big to fail. It's a question of being too interwoven in the fabric of the global financial life to fail."
Allowing Citi to fail would be akin t
Should Goldman Sachs separate CEO and chairman?
It's no secret that Goldman Sachs' ( NYSE: GS ) board faces a lot of pressure on the corporate governance front. There's pressure building to do something . Obviously, there are those who believe that CEO Lloyd Blankfein ( Lloyd Blankfein news) has to go, and he has acknowledged that his j
How much will TARP hurt Citigroup?
We've noted before that Citigroup stands to be the lone bank, in which the government holds a large stake. The others--with the possible exception of Bank of America--all seem to be on track to pay off their funds. So the question is how much will this "ward of the state" status really hurt Citigr
Heckles and jeers at Citigroup meeting
At Citigroup's annual shareholder meetings, there were plenty of taunts and insults, and not all of them well-thought out. But it made for some interesting theater, as painted by the AP . Chairman Richard Parsons and CEO Vikram Pandit endured taunts of "Byzantine," "communist" and "socialist."
Battle brewing over Citigroup board?
Citigroup has certainly tinkered with its board--most notably by installing Richard Parsons as chairman and nominating four new directors to be voted on at the April 21 meeting. But not all shareholders are satisfied.
Now, proxy advisory firm RiskMetrics has recommended that shareholders vote
Big banks to remake their boards?
One of the government's first moves when it assumed its influence at Citi was to make sure the company strengthened its board. It just proposed four independent directors: Jerry Grundhofer, retired CEO of U.S. Bancorp; Michael O'Neill, retired CEO of Bank of Hawaii; Anthony Santomero, former presi
More board changes coming at Citi
As expected Richard Parsons will replace Win Bischoff as chairman of the Citi board. The move presages some huge changes on the board of Citi, which has been roundly criticized for Citi's long, painful slide to its current state. Parsons has already said he expects a lot of directors to resign (of
Who should lead Citi?
It didn't take long for the speculation game to start once Robert Rubin announced he would step off the Citi board. The view is that the government is pressing Citi to shake up its board and replace its chairman Win Bischoff, according to the New York Times . The leading candidate to become cha
Weekend drama leads to Prince's resignation
In the end, there was no way Charles Prince could survive as Citigroup CEO. Many wonder how he lasted so long. The fate of Stanley O'Neal, in an odd way, focused attention on why the Citigroup board kept giving his passes. But the prospect of more writedowns made him untenable as a top executive.
