Bailed-Out Citi Plans $10M CEO Office

Citigroup, which has received $45 billion in taxpayer bailout money, plans to spend $10 million on new offices at its Park Avenue headquarters for CEO Vikram Pandit and his deputies, according to Bloomberg News. A Citi source confirmed the renovation plans to ABC News, which were first reported by Bloomberg. The source added that the renovation is part of an overall effort to cut costs by consolidating offices. Last month, Pandit testified before Congress about the way his company is using...Full Story
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