Saturday, August 8, 2009

Uncle Vik has a headache

And it is because perception is reality. There is no doubt that Phibro makes money for the embattled financial supermarket which is Citigroup while many other of its business units are stinking up the place, but the government pay czar, Kenneth R. Feinberg, is coming and Mr. Hall's contract (the 100 million dollar star of Phibro) will certainly not be to the czar's liking. So much so that Citi is considering selling Phibro. Well, if they do it might make for another profitable quarter due to a high profile sale just like the last one.

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