Wednesday, February 11, 2009

Citi Group President Contrite To Congress While Co-President Hands Out Bonuses!

Vikram Pandit was telling Congress today that "I get the new reality and I will make sure Citi gets it as well" at the same time his Co-President James Gorman was having a conference call reassuring top management that they would receive fat bonuses discuised as "Retention Awards".

See my previous entry.

Nice to see these guys know how to lie with a straight face. "I'll take $1 in salary"...of course they have already fleeced their corporations for millions in "awards" and "bonuses" before the current fad of fiscal responsibility!

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