Financial Markets

A puff peice in the International Herald Tribune on Robert Rubin and his failure at Citigroup.

At Citigroup’s annual meeting last week, Joe Condon, a retired Citibank regional manager in New York, posed a similar question. “What kind of advice did he give to Prince?” asked Condon, who spent 38 years at the bank. “Citigroup bankers are losing their jobs, and Bob Rubin is collecting $10 million, $15 million a year.”

Again :

Until mid-2007, the board-level executive committee that he leads met only several times a year, but Sanford Weill, who as chief executive lured Rubin to the company in 1999, says they spoke practically every day during his tenure. Rubin also made himself readily available to Prince and others seeking advice.

Read the whole article here.