Tuesday, June 29, 2010

"Whitney: The Problem With Citi" (C)

From CNN Money:
Meredith Whitney says Goldman Sachs is more flexible and can adapt to reform better than the Citi 'behemoth.'

HT: DealBreaker, who writes:
I mean, where to start? They’ve got some freaky ass rules in place that say their CEO to build the $10 million Zen Garden of his dreams, you’re not allowed to catch BJ’s on the company jet, and, most offensively, you can’t even have a discussion about putting a whiteboard marker in your underling’s ass over email. Strictly vis-a-vis financial reform, though, Citi’s only problem is that it’s not Goldman Sachs.