The long list of organization-wide changes that Citigroup?s new CEO Michael Corbat announced last week shows that the global financial giant?s new boss isn?t really in the mood to lose any time to show investors his commitment to ?remain extraordinarily focused? on costs. Investors cheered the revamp by buoying the company?s shares by almost 10% within a few days of the announcement.
The long list of organization-wide changes that Citigroup?s new CEO Michael Corbat announced last week shows that the global financial giant?s new boss isn?t really in the mood to lose any time to show investors his commitment to ?remain extraordinarily focused? on costs. Investors cheered the revamp by buoying the company?s shares by almost 10% within a few days of the announcement.
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