Caption reads: With this hand, I push my predecessor off the stage. continue reading...
Citigroup was rocked with a downgrade last week, that led to $369B in market value to evaporate. Naturally, the analyst responsible for the downgrade, CIBC’s Meredith Whitney’s was threatened (literally) by many investors as a result.
This weekend Citigroup’s board had an emergency board meeting, turns out the largest financial corporation in the world will write down $8-11B and as a result, CEO Chuck Prince stepped down today. continue reading...
