CNBC: Citigroup Meeting – What a Difference a Year Makes

On April 24, 2013, CNBC published a story about Citigroup’s (NYSE: C) annual shareholder meeting. Kayla Tausche writes:

“…The bulk of Wednesday’s questioning concerned not just the current turnaround, but also the well-telegraphed idea that Citigroup, ultimately, could get drastically smaller, or even break up…Boston-based Trillium Asset Management, which owns $20 million in Citi stock, proposed in November that shareholders should get to vote on a company strategy to disclose more fully the sum-of-the-parts valuation of the bank, or pursue a more rigorous restructuring. The Securities and Exchange Commission nixed the proposal on the grounds of it being too vague.

‘The argument we’ve had is—while they’ve done a lot, they need to do more,’ said Matt Patsky, CEO of Trillium, in a phone interview. ‘There’s still more opportunity to unlock value. Why not have that conversation?’ Patsky said in his conversations with Citigroup management, they expressed commitment to the existing strategy.”

You can read the entire article at:

http://www.cnbc.com/id/100670057