Citigroup shareholders never sleep

Lost amidst the jumble of commentary on the Citigroup situation, one point that seems to have escaped scrutiny is management. Specifically, why is all the talk about replacing the current chairman (Bischoff) with a fellow board member (Parsons).

Yes, that Dick Parsons - the former Time Warner executive (and we all know the many successes of that entreprise!). Isn't it about time that someone from the outside (with no vested interest in Citi's awful internal politics) to come in and cut this monster down to size?

Nationalisation is inching ever closer, and shuffling the deck chairs in the boardroom won't cut it. The company badly needs a group of new managers unbeholden to Citi's internal factions - it's the only way to turn this listing ship around.