Word: rubins
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Dates: during 2000-2009
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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...
...Rubin remains a member of Citi’s board and has been criticized in the media for not doing enough in the lead-up to the Wall Street financial crisis that hit this fall...
...You’re not going to know what’s going on in a trading room unless you have direct responsibility for the trading operations or the risk management,” Rubin said...
...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...
...What prompted me to go to the meeting,” Condon said in a telephone interview, “was the fact that quite a significant number of people who worked under me, exceptional people who have families to take care of, are losing their jobs while Mr. Rubin collects a very significant income from Citigroup...