This is beyond pathetic. In an act of monumental folly, the U.S. government is throwing the Vikram Pandit-led Citigroup a $306 billion lifeline following the collapse of its shares last week. This is on top of the $25 billion the government has already put into Citigroup under the TARP (Troubled asset Relief Program) initiative. The […]
Citigroup’s shares fell sharply for the second day in a row. On Thursday, Citigroup shares fell over 26% to $4.71, marking the second day the bank’s shares have dropped so sharply. In intra-day trading, Citigroup’s shares fell as low as $4.39. The stock fell 23% the previous day. Here are the two big questions now: […]
Shares of the Vikram Pandit-headed Citigroup fell a record 23% to $6.40 on Wednesday, a 13-year low. We don’t see how Vikram Pandit, a greedy desi butcher, can survive for long in his post with the stock in free fall and the loss of investor confidence. Pandit: Clueless? Since Vikram Pandit took over as CEO […]
Egyptian coolies have thrown down the gauntlet to our desi coolies on handling the White Man’s IT chores and back-office operations. Egypt, a country ruled with an iron fist by U.S. ally Hosni Mubarak, says it’s leading the charge to make Africa an attractive market for outsourcing. (Although American media and movies routinely caricature Egypt […]
Ya Hoo…Yahoo (go ahead and click on the link, there’s a reason for our request). Well, that’s how we felt when we heard Yahoo CEO Jerry Yang was stepping down. For many years now, there’s been only yin in this Yang. No Yang at all. And that explains Yahoo’s downfall in recent years. Yahoo made too […]
Not since Emperor Ashoka invaded Kalinga in 261 BC and left a battlefield overflowing with blood has any other desi inflicted so much destruction and misery as the desi butcher a.k.a Citigroup CEO Vikram Pandit. Call it the Monday morning bloody massacre. Citigroup CEO Vikram Pandit, who’s in over his head at the financial supermarket, […]