Fresh off setting a record with the Department of Justice, CitiGroup Chief Executive Officer Michael Corbat is looking to set another record. The record? No, not the amount of the fine. The fact that no individual bank executive was prosecuted when fraud was all around is an amazing achievement, a show of power that the 1 percent really are in control. But the record Corbat might want to break has nothing to do with control of the levers of government power to the firm’s benefit. It has everything to do with raising money for charity. CitiGroup’sCorbat charity auction The charity…
CitiGroup CEO Auctions Himself Off For Questioning
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.