Huffington Post logo Huffington Post 1 month ago

Raymond J. Learsy: Citigroup, Goldman Sachs, Wall Street and the Tolling of the Bell For Ameica's Meritocracy

In late 2007 and the early days of 2008 Citigroup announced they were cutting 4200 jobs. This shortly after Vikram Pandit, while just six weeks on the job as Citigroup's CEO, was awarded a $26.7 million stock bonus and 3 million in stock options. Full Article at Huffington Post

Related Topics:

  1. Citigroup
  2. Goldman Sachs
  3. Robert Rubin

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Related Quotes

  1. We will now work to comply with the plan's requirements.
    – Stephen Cohen SOURCE: The Tennessean 1 month ago
  2. People want to work here but they want to be paid fairly ... An inability to pay people based on their performance and value to the company puts them at risk.
    SOURCE: The Tennessean 1 month ago
  3. If these people have talents that justify those levels of compensation and Feinberg tells them you can’t have it because you’re at Citigroup or Bank of America, the next thing you know they’ll be working at Goldman Sachs or JPMorgan Chase
    SOURCE: Bloomberg.com 1 month ago
  4. We are pleased this decision has been issued and we will now work to comply with the plan’s requirements
    – Stephen Cohen SOURCE: Bloomberg.com 1 month ago
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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. Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse speaks during a news conference in Taipei October 13, 2009.
  3. SOUTHPORT, CT - AUGUST 02: The home of Andrew Hall, the controversial recipient of a reported $100 million bonus from Citigroup, is viewed on August 2, 2009 in Southport, Connecticut.
  4. A volunteer who would not give her name, serves Thanksgiving dinner at Salvation Army in New York Thursday Nov. 26, 2009.
  5. WASHINGTON - NOVEMBER 16: Activists protest in front of the DC office of Goldman Sachs November 16, 2009 in Washington, DC.
  6. LONDON, ENGLAND - OCTOBER 15: Goldman Sachs building in Paternoster Square is bathed in Autumnal sunshine on October 15, 2009 in London, England. Investment Bankers Goldman Sachs have announced quarterly profits of £1.96 billion.
  7. ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, the BBC's Nik Gowing hosts a live 'Special World Debate' with panelists Economic Historian Niall Ferguson, French Finance Minister Christine Lagarde, Goldman Sachs Jim O'Neill, International Monetary Fund's Managing Directo...
  8. NEW YORK - SEPTEMBER 23: Lloyd Blankfein, Chairman and CEO of The Goldman Sachs Group, participates in a panel on September 23, 2009 at the Clinton Global Initiative (CGI) in New York, New York.

Cast of Characters

  1. Citigroup Citigroup
  2. Goldman Sachs Goldman Sachs
  3. Vikram Pandit Vikram Pandit
  4. Robert Rubin Robert Rubin
  5. Bank of America Bank of America
  6. Barack Obama Barack Obama