Splitting Citi The Wall Street way We're splitting off an entity that we call Citi-Oops: Three hundred billion of illiquid loans by nincompoops. The part left shows a profit, or very nearly so; The part we're calling Citi-Oops? Absolutely no! Our board's appointing Parsons to be co-CEO. Along with Bernie Madoff they will both give it a go. Bankruptcy Chapter Seven is the course they plan to take When Paulson and Kashkari have acquired another stake. The other part of Citi should come through all this unscathed, Though any who have worked at it will be in need of being bathed.
Bob Carlson To 'More Citi-Oops' To 'Citi Shuffles Top Ranks Again' |