Friday, May 8, 2009

Exclusive report: New cost cutting moves at Citi

Many readers may remember this post, where Citi announced a new transportation modality for senior executives following the fiasco of the corporate jet that never was. Following today's town hall announcing the results of the stress test and the news that Citi needs to raise an additional 5.5 billion, Uncle Vik announced plans to downsize corporate transportation even more. From now on, any executive wishing to travel, including Uncle Vik himself (who plans to set the example), must do so in one of these. Photo after the jump.




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