The Business Insider logo The Business Insider 2 months ago

Citi's Parson Joins PE Shop, Zombie Bank Has Still No Clue What's It's Doing

Citi Chairman Richard Parsons is joining PE shop Providence Equity Partners as a senior adviser, but will also hold on to his Citi position, which some might find quite a stretch given the problems the bank is still facing. Full Article at The Business Insider

Related Topics:

  1. Merrill Lynch
  2. Wells Fargo
  3. Citigroup

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  1. NEW YORK - NOVEMBER 22: Chairman of Citigroup Richard Parsons attends the opening night of ''Dreamgirls'' at The Apollo Theater on November 22, 2009 in New York City.
  2. CHATHAM, MA - AUGUST 22: Kurt McGrath, age 20 of Westford, Massachusetts, Mike Gormley, age 20 of North Attleboro, Massachusetts, and Richard Parsons, age 21 of Ayer, Massachusetts, watch waves crash on Lighthouse Beach, though the ocean is closed to swimming, on August 22, 2009 in Chatham, Massa...
  3. Incoming Citigroup Chairman Richard Parsons speaks at the New York State Bar Association meeting in New York, January 28, 2009. Parsons, set to become Citigroup's chairman in late February, said that he plans to work with the bank's management to insure it stabilizes itself and then grows.
  4. NEW YORK - JANUARY 14: Danny Glover, RK Sehgal, and Dick Parsons attend 'Little Great Night in Harlem' at Alhambra Ballroom on January 14, 2009 in New York City.
  5. Richard D. Parsons, Chairman of the Board, Time Warner Inc. displays a photograph of his grandchild at Time Magazine's 100 Most Influential People in the World dinner on May 8, 2008 in New York.
  6. WASHINGTON - MARCH 07: (L-R) Charles Prince, former Chairman and CEO, Citigroup, Richard Parsons, Chair, Personnel and Compensation Committee for Citigroup, Stanley O'Neal, former Chairman and CEO Merrill Lynch, John Finnegan, Chair, Management Development and Compensation Committee, Angelo Moz...
  7. WASHINGTON - JANUARY 12: (LtoR) Honoree and CEO of ACT*1 Personnel Services Janice Bryant Howroyd, winner of the Entrepreneur Award, musician Alicia Keys and Chairmen and CEO of Time Warner Richard Parsons onstage during the BET Honors at the Warner Theater on January 12, 2008 in Washington, DC.
  8. A worker arrange confiscated pirated pornographic video before crushing it on shredder machine during a ceremony outside the city hall of Manila November 25, 2009. The Philippines has approved a law making child pornography a serious crime the first in Asia.
  9. HONG KONG - NOVEMBER 22: Hong Kong actress and singer Joey Yung attends the premiere for the music video of 2009 Asia Game Show as ambassador at MegaBox Shopping Mall on November 22, 2009 in Hong Kong, China.

Cast of Characters

  1. Merrill Lynch Merrill Lynch
  2. Wells Fargo Wells Fargo
  3. Citigroup Citigroup
  4. Wall Street Journal Wall Street Journal
  5. Wachovia Corporation Wachovia Corporation
  6. Metro-Goldwyn-Mayer