Citigroup & Espeed

Essay specific features

 

Issue:

Business

 

Written by:

Larry R

 

Date added:

July 28, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 1012

 

Was viewed:

1355 times

 

Rating of current essay:

 
Essay content:

Calls for the company to break itself up in order to increase shareholder value have thus far been ignored by management. Instead Prince has highlighted his own plan to help reinvigorate growth at the financial behemoth. Under new CFO Gary Crittenden, the company has outlined its own three-point plan that includes improving returns on capital, managing expenses and investing in higher-growth business...
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The first part of this plan was the announcement that Citigroup would cut 17,000 jobs as part of a three-year plan to save $4.6 billion in expenses. (Mara Der Hovanesian , 2004) Some stockholders believe if the company is successful in turning things around, it could again see the premium price-to-earnings ratio it has enjoyed in the past...
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