Today it’s Vikram Pandit of Citibank’s turn, and he gets a “twofer.” Mr. Pandit announced recently that Citibank has turned around and begun to show a profit. And he talked proudly of how he was being responsible and taking a much lower salary of only $1 million. Great, we thought, now he can start repaying [...]
Posts Tagged ‘let them eat cake’
And the “let them eat cake” awards keep coming
Posted in Uncategorized, tagged bailout, banking, Citibank, economic collapse, leadership, let them eat cake, office renovation, values, Vikram Pandit on March 19, 2009 | 6 Comments »
Another “let them eat cake” award
Posted in Current Events, tagged bailout, Bank of America, banking, corporate greed, let them eat cake, Merrill Lynch on February 27, 2009 | 1 Comment »
The latest award goes to Ken Lewis, CEO of Bank of America. Despite taking billions in federal TARP funds, he is refusing to reveal what he knows about the $3.6 billion that went to Merrill Lynch senior staff (some 700 people) on the eve of his institution taking over the failing investment bank. Not only [...]
