Items Tagged with 'Winfried Bischoff'


  • Parsons Named Citigroup's New Chairman

    Richard Parsons denied whispers last November that he might become chairman of Citigroup Inc. [stock C][/stock]. "I have every confidence that we have the right team on the field to pull this thing out," Parsons, then chairman of Time Warner and a Citi director, said in a CNBC interview.
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  • Top Citi Executives Decline Retention and Incentive Awards

    Citigroup Inc. [stock C][/stock] CEO Vikram Pandit, along with chairman Winfried Bischoff and CFO Gary Crittenden, declined retention and incentive awards, according to a recent filing through the Securities and Exchange Commission. The announcement came in concert with recent statements that Pandit and Bischoff -- along with Robert Rubin, who ended up resigning in early January, anyway -- would take no bonuses for 2008.
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  • Citi Plans Deep Layoffs; Likely Not Alone, Sources Say

    Citigroup Inc. [stock C][/stock] said Monday morning will cut as many as 53,000 jobs in the coming next few quarters as the the financial giant continues to try to adjust to currently sour market conditions. The company will move headcount down approximately 20 percent from its peak of 375,000 employees at the end of 2007, according to a presentation delivered Monday to employees by CEO Vikram Pandit.
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