Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Is Jane still seeking Citi management advice from Warren?

So Buffet bought 3 billion $ in Citi stock, then later in the year advises ( or should the word instructs be used?) Jane to continue with the layoff. How is this ethical?

https://finance.yahoo.com/news/warren-buffett-tells-citi-ceo-013628216.html

https://finance.yahoo.com/news/warren-buffett-berkshire-hathaway-own-140200917.html?fr=sycsrp_catchall

https://www.fool.com/investing/2024/01/05/warren-buffett-berkshire-hathaway-own-citigroup/

Is Jane still seeking advice from Warren on how to manage the company because she does not know how? Management advice that just so happens to benefit Warren’s stock holding in Citi? I’m not a major investor and know little to nothing of investment management, but this does not seem right. I guess it must be or some oversight committee would have done something by now, right?

by Anonymous
| 1221 views | | 10 replies (last February 4, 2024) | Reply
Post ID: @OP+1qSKv807
Comment! It's anonymous!

10 replies (most recent on top)

You are 100% correct. It just so happens that his advice was to continue to lay people off.

by Anonymous
| | Reply
Post ID: @2dxl+1qSKv807

Shareholders have a legal right to give advice. The more shares you have the stronger your influence. CEO doesn’t have to take the advice but ceo repots to board and shareholders

by Anonymous
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Post ID: @2evq+1qSKv807

Warren Buffet is a financial genius proven time after time. If he’s able to manipulate….er…a influence Jane’s decisions to drive up the stock price, bravo to him. I have C stock. If his guidance benefits him, then it’ll benefit me.

by Anonymous
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Post ID: @2poz+1qSKv807

@2fwv+1qSKv807 is correct.
Buffet buying 3 billion in Citi stock, then telling the CEO on how to run the company in order to make his share price go up and they follow that advice is perfectly ok. There’s nothing shady about him influencing Jane’s decisions in order so that he can make a profit.

by Anonymous
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Post ID: @2xkr+1qSKv807

You people seriously have careers in financial services and do not understand that shareholder owns a part of the company? You find it "suspicious" that a significant owner of a company has a say in how it's run? Talk about disturbing on many levels...yowza.

by Anonymous
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Post ID: @2fwv+1qSKv807

I wonder what the board thinks or even if they care.

by Anonymous
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Post ID: @2aiv+1qSKv807

This is disturbing on many levels.

by Anonymous
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Post ID: @1kkm+1qSKv807

WOW

by Anonymous
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Post ID: @1ttr+1qSKv807

Guaranteed when she said that he was pi---d. Lil scapegoater, far from a goat.

by Anonymous
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Post ID: @1bnb+1qSKv807

Surprised? no.

by Anonymous
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Post ID: @1iht+1qSKv807

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