Tensions Run High at Citi's Annual Meeting
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Citigroup's annual meeting today was rather tumultuous, not surprisingly. Although the bank's incumbent directors were re-elected by a wide margin, a number of angry people got up to the microphone to vent their frustrations. When Citi's new chairman Dick Parsons took a moment to recognize the directors stepping down from the board—like former chairman Sir Win Bischoff and Bob Rubin—one man in the audience yelled out: "Thank God you've gone!" Gone, perhaps, but certainly not forgotten! [AP]