Word: citigroupã
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This fall, as Boris R. T. Van ’08 considered his post-graduation employment plans, Citigroup??where Van had worked this summer and had an offer to return—was in the process of ousting its CEO and announcing at least $8 billion in writedowns, part of the fallout of this summer’s credit meltdown.But Van says that despite a media blitz that chronicled the firm’s every move into what appeared to be dangerous waters, the public relations disaster never played a role in his decision...
Rubin, director and chairman of Citigroup??s executive committee, has maintained a quiet presence on campus, often zipping in and out of meetings in Loeb House and rarely staying in Cambridge as long as his fellow Corporation members. He was absent when the University announced Faust’s appointment as president in early February, and he has also missed a number of Commencement ceremonies since he joined the Corporation...
...Citigroup??s multifaceted relationship with Ford could raise a question whether my relationship with Ford and Citigroup creates an appearance of conflict,” Rubin, who is chairman of Citigroup??s executive committee, wrote in the letter. “Although no conflict currently exists and while I would have liked to remain involved, I have with great regret concluded that I should resign from the board at this time...
...Treasury secretary from 1995 to 1999—when he was succeeded by his protégé Summers—and he then went to work for Goldman Sachs’ rival, Citigroup. Rubin joined Ford’s board of directors in 2000. “Citigroup??s multifaceted relationship with Ford could raise a question whether my relationship with Ford and Citigroup creates an appearance of conflict,” Rubin, who is chairman of Citigroup??s executive committee, wrote in the letter. “Although no conflict currently exists and while...
Summers has top-level connections at both firms. The president’s mentor and predecessor as Treasury Secretary, Robert E. Rubin ’60, is the chairman of Citigroup??s executive committee and a member of the Corporation. And in Summers’ final Commencement address, the president described the life of a Bronx mailman’s son who had risen to lead a top American financial firm, an apparent reference to newly appointed Goldman chief executive Lloyd C. Blankfein...