Warren Buffet, a renowned investor, has a unique approach to investing. He is drawn to companies with exceptional leadership and a consistent potential for earnings. His strategy involves acquiring complete businesses, but he is also content with owning a portion of a promising company. Warren Buffet and the Late Charlie Munger’s investment strategy was not … Read more
A Citigroup managing director said the bank failed to protect her from a supervisor’s violent threats and abuse because of its “pervasive” culture of sexual harassment and gender discrimination, according to an amended legal filing on Monday. Ardith Lindsey, who worked as Americas head of electronic sales trading, added details to her November lawsuit outlining … Read more
It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm. It might be yet again — but only if its CEO Jane Fraser can pull off the restructuring of the century. Full disclosure: I’m not a believer in the Citi comeback story, … Read more
Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday. Her pay was comprised of a base salary of $1.5 million, cash bonus of $3.7 million and $20.8 million in deferred performance-linked stock, according to the filing. Fraser’s compensation was determined by … Read more
