Chuck - was he chucked?

A week or so on and an even bigger cheese falls under the credit crunch wagon in the form of the CEO of Citigroup.

He too will walk away with reasonable comp but his departure may not dampen the calls for the breakup of the group that have been sounding in some quarters. Indeed, the choice of his replacement will be scrutinised for clues as to whether this is on the agenda.

His position had been weakened by some of his quotes during the summer, which were regularly being thrown back at him to suggest he had lost touch and may have even been goading on parts of the bank to take even bigger risks whilst "American mortage books burned".

posted by John Wilson @ 11:56 PM Permanent Link newsvine reddit


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