Citigroup Tells American Taxpayers to Go F Themselves
September 2, 2010 at 11:45 AM Leave a comment
Too bad the Bush administration’s TARP bank bailout plan didn’t include a provision requiring companies who received bailout money– as in taxpayer money — to return the favor and do their hiring here in the U.S., instead of overseas:
Citigroup Inc. plans to almost triple its workforce in China to as many as 12,000 people in the next three years, intensifying its rivalry with HSBC Holdings Plc in the world’s fastest-growing major economy.
The New York-based bank will hire more in China than in any other Asia-Pacific country, Stephen Bird, Citigroup’s co-chief executive officer for the region, said yesterday in an interview. The expansion may make China Citigroup’s third-largest market by staff, after the U.S. and Mexico, said spokesman James Griffiths.
Infuriating.
Entry filed under: Corporatocracy, Financial Crisis. Tags: .
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