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TMFAleph1 (96.14)

Rubin Leaves Citigroup -- Is Pandit Next?

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January 12, 2009 – Comments (2) | RELATED TICKERS: C , GS , JPM

On Friday, Robert Rubin resigned from his position as senior advisor to Citigroup (NYSE: C) and indicated that he would not seek re-election to the bank's board. His tenure at Citi has tarnished the reputation he built as a talented, nimble leader at the head of Goldman Sachs (NYSE: GS) and as Secretary of the Treasury for the Clinton administration.

Rubin appears to have made major missteps ... [more]

2 Comments – Post Your Own

#1) On January 12, 2009 at 8:50 PM, kdakota630 (29.74) wrote:

After making $115 million, I'm sure he can live with his tarnished reputation.

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#2) On January 12, 2009 at 9:27 PM, TMFAleph1 (96.14) wrote:

If it's money we're talking about, he really didn't need the $115 million -- he is, after all, a former senior partner of Goldman Sachs. I'm sure he would trade the $115 million to have his reputation intact again -- when you reach that level, you are more concerned about your legacy than another hundred milllion.

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