The board at Citigroup (C) is telling CEO candidates that they want with the bank, short of burining it to the ground.
A new chief can sell off units, almost at will, or break the bank into pieces.
According to the FT "Citi’s board is telling candidates for the post of chief executive that they would have a free hand to decide whether the financial services group should make significant disposals or even break itself up."
Perhaps the bank should hire an auctioneer.
Douglas A. McIntyre
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