Wednesday, August 19, 2009

Stock Market Update: Wednesday, August 19, 2009

TheStreet.com has an interesting article speculating about a possible dilemma involving the Chief Financial Officer for Citigroup. Since the U.S. Government is the largest shareholder, they have a pretty significant role in the operation. BUT what's interesting is something buried a bit further down in the article:

"CEO Vikram Pandit has been criticized for not bringing change quick enough to the troubled institution, as well as for his lack of commercial banking experience. Many have speculated that Pandit could be replaced, with former CFO (now Vice-chair) Ned Kelly or former US Bancorp Chairman Jerry Grundhofer, who is a Citi director.”

Now that would be interesting! If you work at U.S. Bank, anyway . . .

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