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Meet Michael Corbat - Citi's New CEO
From Citigroup
Michael L. Corbat is CEO of Europe, Middle East and Africa where he oversees all of Citi's business operations in the region, including corporate and investment banking, securities and trading, private banking, transaction services and consumer banking.
Mr. Corbat most recently served as the CEO of Citi Holdings, Citi's portfolio of non-core businesses and assets. During his tenure running Citi Holdings, Mr. Corbat oversaw the divestiture of more than 40 businesses, including the IPO and sale of Citi's remaining stake in Primerica. Mr. Corbat also successfully restructured Citi's consumer finance and retail partner cards businesses and divested more than $500 billion assets, reducing risk on Citi's balance sheet and freeing up capital to invest in Citi's core banking business.
Prior to his appointment to lead Citi Holdings, Mr. Corbat was the CEO of Citi's Global Wealth Management unit, which comprised Smith Barney and the Citi Private Bank. Prior to this, he was a Managing Director and Head of the Global Corporate Bank and Global Commercial Bank at Citi, a role in which he led the firm's efforts to provide best-in-class financial services to top-tier multi-national corporations and financial institutions around the world.
Previously, Mr. Corbat was Head of Global Emerging Markets in Markets and Banking, responsible for the origination, trading and sales of emerging markets fixed income debt. He joined Salomon Brothers, a Citi legacy firm, in 1983 in the Fixed Income Sales Department in Atlanta and has worked in New York City and London.
In his various advisory and structuring roles, Mr. Corbat has successfully guided retail and institutional clients across the spectrum of financial services and significant challenges, from the bankruptcy of Orange County, California, to sovereign debt restructurings in Latin America and business restructurings in North America and Europe.
He currently serves on the Board of Directors of EMI, The U.S. Ski and Snowboard Team Foundation and the BritishAmerican Business, Inc.
Born in Bristol, Connecticut, Mr. Corbat earned a bachelor's in economics from Harvard University in 1983.
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Its my turn Bitchezz!!!
...What, no previous government position? This guy is "clean?" Exactly, GetZeeGold, This guy just stepped in horse shit.
Wow.....it's like you read my mind.
How do you do something like that?
wow, this guy should have been romney's pick for vice president, he can gut a business as well as the baininite missonary.
I won't ask what the patches on the elbows are all about...
Knees too.
Check out Mr Bean
Who knew that Richard Quest would take a banking job?
Not bad. I might put a bandit mask on him.
Orderly transition..... Boo Hoo haa haa haa friggin hallelujah;)
Something in his look makes me think he would make a good "Hamburgler" (anyone remember the old McDonald's Hamburgler?)
I overheard him saying:
"I'll gladly pay you Tuesday for a hamburger today."Pursuing other interests, or pursued by them?
Corbat's progression:
Priveledged Conn. boy, Harvard, Soloman, Smith Barney, Citi...great to see some outside original thinking taking over the troubled firm.
we're fucked.
Michael Corbat....aka.....fallguy
When shitty hit the bank.
He isint a fall guy or anything. He would just fine what he is intended to do.
Sheeps dissonance is still dissonance.
Revolution will not be televised and it will not be as you expect.
Who sounds better qualified to lead shitty than some guy with a 30 year track record of cleaning up shit someone else blew up?
In other words, meet the fall guy.
Seems to be an echo in here.
A few sheep have awoken, a few billion more to go.
no crazy hedge fund guy with no experience in banking? not even a lawyer who only specializes in understanding everything this business does is illegal? or Mr. Buyout Tycoon who never saw a financial services company that wasn't worth a fortune and saw banking as "no different from running a supermarket"? i'm confused. this guy appears to actually have an interest in the business model...
He's expendable.
+1
Makes much more sense.
Corbat Canyon....canyon.....canyon....canyon
Why yes there is
Nice tie Michael
You can tell it's new cause the price tag is still on it.
Well his resume includes "The U.S. Ski and Snowboard Team Foundation " ~ so, just the kind of guy you need when things are snowballing downhill in a hurry (not to mention bleedng Harvard crimson)... Just what we need ~ more loans to people wanting to open up wine & cupcake boutiques...
LoP beat me to it.
Hello fall guy. Hope your neck is stronger than it looks. Them gallows use real mans rope son.
;-)
Meet the new boss
Same as the old boss.
http://www.dailymotion.com/video/x6tfal_the-who-won-t-get-fooled-again-1...
really? i didn't know Citi had a boss for the last 30 years. Certainly not since John Reed...and even people complained about him as too...ahem..."technologically oriented." From the "foreign department" as i recall. Was it Brazil? Well at least someone saw the financial crisis coming:
http://www.youtube.com/watch?v=frMoCFJ8yD4
Fallguy?
He looks Jewish to me...so how can that be?
Struck me as Polish....but they all look the same to me.
Kind of a John Thain look to him. Must be a cocksucker
I was going to say that he looks like John Thain too (but thought I still had cobwebs in my eyes)... Maybe it actually IS John Thain... Heeees BACK!... Better check the office remodel job for guarantees...
What does Dick Bove say?
he's still drooling, it's early in the morning
Here Petty Officer Corbot..now that everything is under control I'm going to step down and you can take over the ship. Don't pay attention to that gapping whole in the balance sheet, the ship has been built to withstand anything. If you need me I will be taking a small crew in this boat here, you may not be able to contact us due to radio interference. I'm sure the ship is in good hands.
I hope that life boat sails to the USS Morgan Stanley. That should provide a safe haven in rough seas.
Wow, another Harvard dude. Go figure...
he already lives in that hotbed of asshole bankers and $ guys-Connecticut
Ring me when any of these big banks become something other than insolvent.
that's dick fuld with a little botox and some Just For Men hair coloring
Rats off, rat on...who fucking cares who heads one of the big 4 criminal banks?
And another thing,
Why do all the city types, the likes of blankfiend, geithner, paulson, corbat, greenspan, you get the idea, why do they all look so fucking feminine as men? These cocksuckers dont instill a great deal of manly qualities now do they? They all look like bully victims from the 3rd grade.
Especially that dwarf cunt bernankinstien.
Lets get some blokes who at least look like fucking blokes up here, is this part of the problem? Metrosexuals could have a part to play here folks? Indecisive etc????
;-)
It's because that's what you look like after you exit the locker (that you were stuffed in ~ with a wedgie up your buttcrack) after a couple years in school...
Well played francis,
Just because these soft gets at school couldnt handle the big "boys", is there any need to take it out on the rest of humanity after their fathers got them a job we could only dream of????
I call that an inferiority complex, if you know what I mean...... ;-)
"Why nobody helped me when I was in the locker!!! Why did nobody come!!!"
Hello LULZ mate,
Why did nobody come!!!
They did, up this fuckers arse, thats where, and now this shithawk will require a bailout as soon as his next bonus comes due. And the likes of me and you will gladly pay without even thinking about. See, thats the beauty of capitalism, we can make money as we like because when we drop the fuck out of a company and loose 90% of that companys value, the fucking idiot taxpayer will make up the loss.
Dont you just fucking love it mate???
Hahahaha.. indeed mate. Good one!
Dont worry, nobody escapes universal/divine justice.
Hilarious. NERDSSSSS!
Meet the new boss, same as the old boss. Criminals all.
Striking similair to the Wells fargo promotion of a lifer
I'm telling you, Citi is the next one to go down. This confirms it.
Smart move by the Indian bastard..........get that severance before the sell off begins.
dorkdom
Oh boy! An honest man as CEO of Chitty Skank. He will pioneer marking assests to market and divest from the entire Ponzi scheme that is the global financial system.
"The beat goes on, beat goes on. Drums keep pounding a rhythm to the brain. La de da de de, la de da de da"
Sonny & Cher
This sh**ty rhythm is more like 'Ice Ice Baby'...
This is what bankers are singing for now.
http://www.youtube.com/watch?v=vWM5D3MwSgA&feature=bf_next&list=ALHTd1Vm...
Just another maggot who will steal hundreds of millions from usa taxpayers all while corrupting the gubbermint.
Hey bud, hold this bag for us!
How much will I get?
Let's see if Mikey likes it.
Looks like Pandit learned from Sandy Weill, get out on the uptick while all the MSM d_bags are singing your praises.
Corbat is just another version of Chuck Prince.
Fuck you NEW CEO!