Monday, November 17, 2008

Yerry Jang

So Citigroup announces today that they are going to cut costs by firing 52,000 people and the stock goes down.

Meanwhile Yahoo! fires only ONE guy and within hours the stock goes up in value by $500 million.

Say what you will about executive compensation being out of hand (having the right CEO might not be worth the huge salary), but having the wrong guy sure costs you a ton.


...You're Welcome

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