Oh goody, Citibank laid off almost 5% of their workforce RIGHT BEFORE THE HOLIDAYS, and this of course invites serious analysis about a variety of important topics. Like: what will these people and their families do vis a vis jobs? What about the fact that taxpayers bailed out Citi
"Financial reporters" talk to stockholders, pretty much by definition, so I'd not get too bent out of shape here. Let's see how Faux, and actual news organizations, choose to cover the story.
That's a given. Also a given that Fox won't mention Pandit the Bandit's stock options, whose (taxable at 15%) value just jumped up nicely. (In time for his Christmas shopping, if you're looking for the bright side.)
It's called a reverse split. Keeps the stock from selling at ten cents a share, which is just embarassing (and violates stock exchange rules.) Could be worse - the money could be in a Citi "savings" account, in which case the interest would be less than the postage stamp needed to tell you about it.
4,000 people, say $100,000 per person (what with white collar urban salaries and benefits), so $400 million saved. That's enough to buy two CEOs, people! Huge savings!!!
"Financial reporters" talk to stockholders, pretty much by definition, so I'd not get too bent out of shape here. Let's see how Faux, and actual news organizations, choose to cover the story.
They <u>are</u> &quot;Independent&quot; -- from the real world.
Federal money to executives = capitalism. Federal money to anyone else = socialism.
Can&#039;t make it any simpler than that.
Yeah .... the 99% are free of the million bucks that might otherwise have been put into their pockets.
Might be fun to go there and open up the Citadel <strike>Federal</strike> Credit Union ... without telling them exactly how it works.
It&#039;s only class warfare if the victims start to fight it. Up to that point, it&#039;s just business.
2,000 years and counting.
That&#039;s a given. Also a given that Fox won&#039;t mention Pandit the Bandit&#039;s stock options, whose (taxable at 15%) value just jumped up nicely. (In time for his Christmas shopping, if you&#039;re looking for the bright side.)
It&#039;s called a reverse split. Keeps the stock from selling at ten cents a share, which is just embarassing (and violates stock exchange rules.) Could be worse - the money could be in a Citi &quot;savings&quot; account, in which case the interest would be less than the postage stamp needed to tell you about it.
I&#039;d be very surprised if we learn about it.
Freedom and the wisdom of the market - gotta love it. Well, I guess those fired people are now free to watch shitty daytime teevee.
&#039;all things considered&#039; covered tommy chong&#039;s (high!) thought&#039;s dope before they got around to this story.
priorities i guess.
Did anyone else see an ad about socialist mass transit systems before the Citibank job cuts video?
4,000 people, say $100,000 per person (what with white collar urban salaries and benefits), so $400 million saved. That&#039;s enough to buy two CEOs, people! Huge savings!!!
True enough ... so long as their &quot;shops&quot; sell Ferrari, Rolex, and Chateau Petrus.
A bright spot here is that all those Citibank alumni will be paying less taxes next year! Nobody likes to pay taxes!