NYT is reporting that Robert Rubin is going to be interim Chairman at Citigroup. Considering he has been there all this time, I am not sure he is any different from Prince. He has been Princes biggest supporter.
He has been there eight years. How is he not resposible for the current mess? Vikram Pandit would have been the better choice. You need to bring in someone from the outside.
And he has long been adamant that he has no responsibility for the
decisions made by Mr. Prince and Citigroup’s other leaders.
“You have to ask yourself why he would be temporary chairman if all these problems happened under his auspices,” said Douglas A. Kass, a hedge fund investor at Seabreeze Partners Management in Palm Beach, Fla. “Four or six months ago, I would have said it would be a great remedy to replace Prince with Rubin. Now, I am not so certain.”http://www.nytimes.com/2007/11/04/business/04bank.html?_r=1&ref=business&oref=slogin
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