Citigroup pins hopes on Parsons
Citigroup Inc. of New York has announced that Richard Parsons will become the struggling bank's new chairman, succeeding Sir Winfried F.W. Bischoff.
Citigroup Inc. announced yesterday that board member and former Time Warner Inc. chief executive Richard Parsons will soon take the reins as chairman of the board.
He will succeed Sir Winfried F.W. Bischoff, who became chairman in December 2007 and is not seeking re-election.
“Dick is u
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