Comments on: Citi profits don’t signal big payday ahead http://trueslant.com/nancymiller/2009/04/17/citi-profits-dont-signal-big-payday-ahead/ Translation by NanceFinance Fri, 11 Feb 2011 17:19:31 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Nancy Miller http://trueslant.com/nancymiller/2009/04/17/citi-profits-dont-signal-big-payday-ahead/comment-page-1/#comment-52 Nancy Miller Mon, 20 Apr 2009 15:21:16 +0000 http://trueslant.com/nancymiller/?p=440#comment-52 I thought the question and the answer were hilarious. Ned Kelly was doing his best to be the good boy -- proving that Citibank was not only profitable but that it wasn't shafting taxpayers. A little late on the latter, don't you think? I didn't go into in this post, but Kelly's responses to most questions were really opaque. He couldn't come out directly and say every single business unit that involved the consumer had lost ground and that Citi needed to add billions to the loan loss reserves for consumer-related write-downs. That would have made it clear that the bank is far from out of the woods. And the analysts didn't really call him on it. I thought the question and the answer were hilarious. Ned Kelly was doing his best to be the good boy — proving that Citibank was not only profitable but that it wasn’t shafting taxpayers. A little late on the latter, don’t you think? I didn’t go into in this post, but Kelly’s responses to most questions were really opaque. He couldn’t come out directly and say every single business unit that involved the consumer had lost ground and that Citi needed to add billions to the loan loss reserves for consumer-related write-downs. That would have made it clear that the bank is far from out of the woods. And the analysts didn’t really call him on it.

]]> By: jamesohearn http://trueslant.com/nancymiller/2009/04/17/citi-profits-dont-signal-big-payday-ahead/comment-page-1/#comment-44 jamesohearn Mon, 20 Apr 2009 06:39:47 +0000 http://trueslant.com/nancymiller/?p=440#comment-44 <i>Citi profits don’t signal big payday ahead</i> Since when, in the past decade, has profitability made one iota of difference on to the executive bonus scheme? Citi profits don’t signal big payday ahead

Since when, in the past decade, has profitability made one iota of difference on to the executive bonus scheme?

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