From seekingalpha.com
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Sallie Krawcheck
Citigroup has moved chief financial officer Sallie Krawcheck to run its wealth management business. Krawcheck becomes chairman and chief executive of Citigroups' global wealth management division, replacing Todd Thomson, whose next move... [more]
Citigroup has moved chief financial officer Sallie Krawcheck to run its wealth management business. Krawcheck becomes chairman and chief executive of Citigroups' global wealth management division, replacing Todd Thomson, whose next move is unclear.
Michael Steinberg submits:What do you have when the smartest guys in the room engineer a financial product so complex that it blows up? Even smarter guys that pick through the rubble and steal the diamonds. Genius creates alchemy and alchemy creates genius.Bloomberg’s “Citigroup Aims to Stop TPG Fund From Stripping CDO” reports the tables have once again turned on Citigroup (C) under the law of unintended consequences. Citigroup has already...
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