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...Rubin insists that he was not in a position to prevent the turmoil and that Citi has responded well in its aftermath...
...CITI SLICKER...
...Joseph Condon, a former regional manager for Citigroup in New York City and a current Citi shareholder, challenged Rubin and other members of Citi’s Board of Directors at the annual shareholders meeting in late April over Rubin’s involvement with Citi in the prelude to the firm’s disastrous losses...
...Condon noted that he has tremendous respect for what Rubin achieved during his prior years on Wall Street and his time as Treasury secretary. “But in his eight years at Citi, he’s done nothing, so why is he collecting a salary?” Condon asked...
...vice chairman of Citigroup, also defended Rubin. He said that although Rubin doesn’t have operational responsibility at Citigroup, he engages in a variety of activities, such as “participating in strategic discussions with senior management, frequently meeting with clients and government officials with whom Citi has a relationship, and serving as a mentor to managers, executives, and employees...