My CEO is out.

Post by **XMEN Gambit** » Sun Nov 04, 2007 6:45 pm

http://biz.yahoo.com/ap/071104/citigroup_ceo.html

I'm sure there will be some changes that filter through the company. So, we'll see what happens...

The Spleen · Post by **The Spleen** » Sun Nov 04, 2007 11:53 pm

Oh,oh. Maybe a BIG promotion on the horizon for Mr. Gambit.

Hold out for a corner office and company car. Oh, and all the Skittles you can eat!

Seriously, how long have you worked for Citigroup?

I'd always assumed you were a co-worker of Ice.

Post by **XMEN Gambit** » Mon Nov 05, 2007 7:24 pm

I left that employer in 2000, worked for a telecom for a couple years, got laid off, worked for another telecom for a year, and joined Citi a little over 3 years ago. Probably should've stayed with Ice.

XMEN Ashaman DTM · Post by **XMEN Ashaman DTM** » Mon Nov 05, 2007 8:07 pm

But think of it this way:

You now have a CEO who is Rubinesque.

And you can see what is going on in the company (a little, granted), and you can bail before CItigroup falls apart. OR cash out your stock options.

Post by **XMEN Gambit** » Mon Nov 05, 2007 8:40 pm

Oh, the company won't collapse, and they won't get rid of my division (Cards) easily; I believe it's their biggest profit center. They have a lot of debt, true, but they have a huge pile of resources as well.

Incidentally, I always choose stock instead of options when I have a choice, like I do at Citi. With the stock now trading around $35, any options I'd have been granted would be underwater.