The Cycle

Angry Citi shareholders re-elect company board

Citigroup shareholders gathered at the New York Hilton hotel on April 21 for the company’s annual meeting and used words like “Byzantine” in reference to the company’s board and described the financial institution’s deal for Citi Field as “the most stupid thing”. Nevertheless, the board was re-elected with 70% to 90% of the vote, according to preliminary results. In addition, two shareholder proposals didn’t pass. Read the Wall Street Journal article with more detail about the meeting .

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