Entries tagged "Dick Parsons"
Bloggers are taking Citigroup chairman Dick Parsons to task over his decision to take on an advisory role at PE firm Providence Equity Partners -- even though he likely will have the time.
Citi adds Diana Taylor, Timothy Collins and Robert Joss to its board of directors.
Dick Parsons says the Obama administration doesn't want to run Citigroup. Instead, the government just wants to tell the bank how to pay its staff.
The much-speculated joint venture deal between Morgan Stanley and Citigroup Inc. has stirred up commentary that feels like Christmas dinner leftovers from about three years ago. Oh God, not again! Citi chairman Win Bischoff is again about to be canned, CEO Vikram Pandit is either under pressure or has the board's confidence, and the man with a thousand lives, board chairman Richard Parsons, floats behind every story like the ghost in the machine. When did Parsons develop this reputation for omnicompetence? At Time Warner Inc.? ...
On Thursday, The Wall Street Journal ran a story about internal dissent on Citigroup Inc.'s board of directors over the future of the bank's chairman Sir Win Bischoff. The story led to massive speculation across the business media (including Dealscape) about the future of Bischoff's tenure at the helm, and the possibility of board member Dick Parsons taking over. Citi vehemently denied the report issuing a press release. Now, an alleged internal memo from Parsons is making the rounds. Read it after the break. - Matthew Wurtzel ...
The front page of Thursday's Wall Street Journal features an anonymously sourced story about a dispute among directors at Citigroup Inc. Evidently some want to oust chairman Sir Win Bischoff, but from the tone of the story, it appears as if they may not have enough support to end his short tenure -- otherwise the story would announce his ouster. The story also prompts questions, like who leaked it? What do they have to gain? And what does this mean about CEO Vikram Pandit's future? ...
