Claim against Citi has many people upset
@thegreatdebater (7316)
United States
July 27, 2009 7:14pm CST
The WSJ announced today that Andrew Hall the head of a secritive division of Citi Group (called Phibro) wants his bonus for last year. This division is so secritive that it is based out of a former Connecticut Dairy, that is right, a division that made billions wasn't based out of Manhattan high rise, but a former dairy in Connecticut. The Journal estimates the total to be in the $100 million dollar area, give or take a few million. This has created a problem because he makes the company alot of money, but the American people won't like giving someone that much money when they still owe us billions. What do you think about this?
1 response
@smartie0317 (1610)
• United States
28 Jul 09
I don't really see what one thing has to do with the other. If they're making money, which Citi is, then they should give him what's promised. I'm sure if he's being given 100 miliion, bonus!, he must be brining in billions. Anyway, this isn't shocking to me. A lot of companies try to hide things from the public and usually it ends up coming out in the open.
1 person likes this
@thegreatdebater (7316)
• United States
28 Jul 09
Thanks for your response. The problem that many people have with this is that his bonus will be paid for with taxpayer dollars. This is money that we were told they needed so they wouldn't collapse. The question I have for you is if we pay people like this the millions that they earn, then who should we go after when people like this lose tens of billions?
