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Daily Intelligencer - New York Magazine (Free subscription) | yesterday
Scene: Citigroup office. Monday evening. CEO Vikram Pandit, chairman Sir Win Bischoff, CFO Gary Crittenden, and director Robert Rubin are seated in Rubin's office. Sir Win Bischoff : Well, it's been two weeks since Cuomo sent us that bitchy letter demanding we give up our bonuses in light of the massive government bailout we received. Maybe it's time to throw him a bone and just admit...
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New York Post (Free subscription) | 6 hours ago
... He did get a stock award last year valued at $2.5 million, but it's now under water. Although CFO Gary Crittenden got a bonus of $14 million last year to make up for perks he lost by switching from his former job to Citi, it's unlikely his bonus this year would go much beyond his base $403,000 salary. Rubin, a paid adviser and lead director since 1999, has collected an annual bonus...
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Detroit Free Press (Free subscription) | 26/11/2008
Citigroup Inc. Chief Financial Officer Gary Crittenden said the bank will hold onto assets in emerging markets as it focuses on faster-growing regions after receiving a $20-billion government cash injection.
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Indian Express (Free subscription) | 26/11/2008
Citigroup Inc chief financial officer Gary Crittenden said the bank will hold onto assets in emerging markets as it focuses on faster-growing regions after receiving a $20 billion government cash injection.
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Media Matters (Free subscription) | 26/11/2008
On their November 24 broadcasts, all three network evening news programs included reports on the bailout of Citigroup that included interviews with supporters of the deal. The report on NBC's Nightly News , for example, featured clips from interviews with Citigroup CEO Gary Crittenden and with "[o]ne of Citi's biggest investors," Saudi Prince Al-Waleed bin Talal. However, only the CBS...
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DealBreaker (Free subscription) | 24/11/2008
Led by CFO Gary Crittenden. 2:01: Gar is late. Hold music. 2:04: Michael Roberts, head of corporate bank takes the mic. Given what happened last night, we thought we take a sec to chat with you, our corporate and investor client and counterparties. 2:05: Guy named Paul takes the mic. Thanks for your confidence and enduring parternship. We will emerge a stronger bank. 2:05: Gar in the...
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Business Week (Free subscription) | 26/11/2008
Citigroup's CFO Talks About the BailoutGary Crittenden: Citi and the federal government "had a common objective: the stability of the financial system" Related ItemsLast July, just months after joining Citigroup () as chief financial officer, from American Express (), Gary Crittenden addressed the analyst community in his first earnings conference call. It was a particularly...
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New York Post (Free subscription) | 22/11/2008
... completed weeks ago, was an effort to help thaw badly frozen credit markets. Pandit, Citi CFO Gary Crittenden and much of the top brass at the bank have spent the past five or six days in crisis mode. Early last week, Pandit highlighted Citi's $780 billion-strong deposit base and its 10.4 percent Tier 1 capital ratio - a measure of a bank's health - as evidence of its strength. Yesterday,...
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The Irish Times (Free subscription) | 22/11/2008
... that business," he said during the 26-minute call, which he hosted with chief financial officer Gary Crittenden.Mr Pandit reiterated his backing for Citi's "universal banking" business model, combining wholesale, retail and investment banking. "This is a fantastic model," he told staff.Mr Pandit and Mr Crittenden urged employees to get in touch with clients and remind them...
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qwstnevrythg.com (Free subscription) | 22/11/2008
... the close of official trading, fetching $4.07 as of 4:35 p.m.Pandit and Chief Financial Officer Gary Crittenden, speaking on a worldwide conference call this morning, also said they don’t expect to sell the Smith Barney brokerage unit, according to two people who listened to the call and declined to be identified because it wasn’t open to the public.The call came as Citigroup’s board,...
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New York Newsday (Free subscription) | 21/11/2008
A call that chief executive Vikram Pandit and chief financial officer Gary Crittenden held Friday morning with senior managers at the bank offered nothing new about a shift in strategy for the company.People familiar with the call, who spoke anonymously because the comments during the call were not made public, said that Pandit's message was similar to that at his town hall meeting with...
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The Telegraph (Free subscription) | 21/11/2008
By James Quinn, Wall Street Correspondent Last Updated: 9:39PM GMT 21 Nov 2008After weeks of whisperings about boardroom rifts, and amidst a rapidly declining share price, Mr Pandit, chief executive, and his chief financial officer Gary Crittenden, had hoped their hastily arranged "Town Hall" meeting would highlight the bank's financial strength. Instead of talking about the benefits...
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Examiner (Free subscription) | 21/11/2008
... percent of their value since last Friday.A call that CEO Vikram Pandit and Chief Financial Officer Gary Crittenden held Friday morning with senior managers at the bank offered nothing new about a shift in strategy for the company.People familiar with the call, who spoke anonymously because the comments during the call were not made public, said that Pandit's message was similar to...
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Globe and Mail (Free subscription) | 21/11/2008
... last Friday.Citigroup Bank of America A call that CEO Vikram Pandit and chief financial officer Gary Crittenden held Friday morning with senior managers at the bank offered nothing new about a shift in strategy for the company.People familiar with the call, who spoke anonymously because the comments during the call were not made public, said that Mr. Pandit's message was similar to...
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Baltimore Sun (Free subscription) | 21/11/2008
A call that CEO Vikram Pandit and Chief Financial Officer Gary Crittenden held this morning with senior managers at the bank offered nothing new about a shift in strategy for the company.People familiar with the call, who spoke anonymously because the comments during the call were not made public, said that Pandit's message was similar to that at his town hall meeting with employees on...
