Friday, August 21, 2009

Robert Rubin not sleeping

This article from Charlie Gasparino states that Robert Rubin has been doing some soul searching due to the damage his reputation has suffered as a result of the financial sector's meltdown and specifically the Citigroup fiasco.

The money quote, “I’ve thought about this a lot,” he told one person about Citigroup, “But I don’t know what I could have done without operating responsibilities.” When pressed if he could have done more, however, Rubin confessed, “In hindsight, there is no question. Everyone should have.”

Rubin didn't want operating responsibilities and if he is so upset about the whole affair he can use some of the almost 110 million he made at Citi while it burned to assuage his feelings.

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