reply to Kearnstd
Re: Not, a smart move, but definately a wall street move.
said by Kearnstd:Because to wall street, it means less paid out in wages and benefits, and more lining their pockets quicker. Wall street used to think long term, and now they only have short sighted goals, with intentions of making unrealistic profits by any means necessary, including punching their own customers in the face. This move flies in the face of all the progress they have made in the last 2 years, and shows that Tom Rutledge has no idea how to do anything except pay himself more and get his investors more. Tom Rutledge does not give a single fuck about the customer, and we as customers need to show him how displeased we are about the move.
Wallstreet and bean counters think in strange ways.
Citigroup is going to fire 11,000 people...
their stock went up 7% on the announcement. Yes that is right, to wallstreet more people on unemployment is good.