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Citi Shareholders Show Rage at Annual Meeting

BusinessWeek – The anger was evident at Citigroup’s annual meeting on Apr. 21, where shareholders took turns at the microphone to object to how the bank has been operating. The meeting is usually a well-attended affair lasting many hours as shareholders air their grievances, and Tuesday’s gathering was as somber and full of ire as ever.

When Citi Chairman Richard Parsons recognized the five departing members of the board, who include ex-chairman Win Bischoff and former U.S. Treasury Secretary Robert Rubin, one man from the audience yelled out: "Thank God you’ve gone!"

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