Friday, November 14, 2008

Citi Bold Update

In the 200 days since I received Citi CEO Vikram Pandit's "Bold" email, we've seen Citi post record losses, declare that tens of thousands will be laid off, increase credit card fees, and have members of its board clamoring for the head of its Chairman.

And it's stock price? Down.... way down... As of today, Citi's stock has fallen some 73% from $34.77 when it named Pandit as CEO on Dec 10th, 2007 to $9.50 as of Nov 14th, 2008. You can see the stock chart here.

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