http://stockmarketbeat.com/blog1/2007/04/11/cnbc-bonus-bucks-news-trivia-citigroup-unveiled-a-new-restructuring-plan-this-morning-that-will-eliminate-how-many-jobs/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2007/04/11/cnbc-bonus-bucks-news-trivia-citigroup-unveiled-a-new-restructuring-plan-this-morning-that-will-eliminate-how-many-jobs/comment-page-1/#comment-24226 adam hartung Wed, 11 Apr 2007 21:39:07 +0000 http://stockmarketbeat.com/blog1/2007/04/11/cnbc-bonus-bucks-news-trivia-citigroup-unveiled-a-new-restructuring-plan-this-morning-that-will-eliminate-how-many-jobs/#comment-24226 Citigroup is taking the wrong action for its situation. The company has taken its eye off the market the last few years as it focused too much on compliance. Now it needs to revitalize the innovation which made the company great by reinforcing and better managing its many White Space projects. Instead, it is slashing costs with lay-offs, office shutdowns, project shut-downs, and centralization. This will only lock-in the existing model which is not as competitive as it used to be - because competitors have moved ahead of Citi. Read more analysis at http://www.ThePhoenixPrinciple.com Citigroup is taking the wrong action for its situation. The company has taken its eye off the market the last few years as it focused too much on compliance. Now it needs to revitalize the innovation which made the company great by reinforcing and better managing its many White Space projects. Instead, it is slashing costs with lay-offs, office shutdowns, project shut-downs, and centralization. This will only lock-in the existing model which is not as competitive as it used to be – because competitors have moved ahead of Citi. Read more analysis at http://www.ThePhoenixPrinciple.com

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