Matt Patsky Appears on CNBC to Discuss Citigroup’s Earnings and Trillium’s Shareholder Engagement with the Bank
Trillium’s CEO, Matt Patsky, was a guest on CNBC’s Squawk on the Street with Carl Quintanilla on January 17th. Matt discussed Citgroup’s (NYSE: C) disappointing earnings report and why the bank needs to explore restructuring to realize “greater value for the shareholder”.
In the autumn of 2012, Trillium, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan filed a shareholder proposal with Citigroup asking the company’s board of directors to explore a possible separation of one or more of its business units.
“We think that the company is not just ‘too big to fail’, but also ‘too big to manage’. There’s too much complexity in its current business and they need to look at how to restructure”, said Matt during his appearance.
You can watch the entire interview here.