SocraticGadfly: So long, Bob Rubin; don't let Citi's door ...

January 09, 2009

So long, Bob Rubin; don't let Citi's door ...

Hit you in the ass on the way out.

Yes sir, the non-Republican most reponsible for our current economic clusterfuck (Well, ties in that honor with Obama's economic Swengali, Larry Summers), is leaving Citigroup.

Rubin has made $115 Mil in consulting (about what, I don't know), etc, for Citi since 1999. He's going to work on non-profit causes, he says. Funny, since Citi has lost $20 million in the last year, I'm sure many people would say he's ALREADY been doing nonprofit work.

His defenders claim he was just hired as a rainmaker. Right.

Speaking of which, MarketWatch also has a news analysis story on the depth and breadth of Rubin's damage-making, not rain-making, not just limited to finances, but bad corner office hires and more.

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