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Citigroup's Sale of Phibro: Ending the US$ 100 Million Pay Controversy
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Excerpts Contd...Occidental's View
According to Gerard Cassidy, a banking analyst with RBC Capital Markets , Citigroup was unlikely to be very concerned about the lost income due to the sale of Phibro, as the company had more serious problems to worry about. He said, "They're going to miss those earnings. But the credit losses are much larger and will have a much bigger impact."... ExhibitsExhibit I: 2008 Bonuses at Some Wall Street Firms
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