The American Bear


Citigroup to Cut 11,000 Jobs and Take $1 Billion Charge | NYT

These job creators need a tax break.

“These actions are logical next steps in Citi’s transformation,” [chief executive Michael] Corbat said in a statement. “While we are committed to – and our strategy continues to leverage – our unparalleled global network and footprint, we have identified areas and products where our scale does not provide for meaningful returns.”

He then added, out of nowhere and without context, “I hate most human beings”. Weird.