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A Job That You Probably Don’t Want: Citigroup CFO

200px-Citigroup.png Don’t mind if Uncle Sam is up in your biznass 24/7? Thrive in a thankless atmosphere? KPMG is your favorite Big 4 firm? We know that you don’t sleep. Job is yours.
The bastions of financial responsibility at Citigroup have announced a new CFO, the second in four months. The lucky SOB is John Gerspach who got the bump from Controller. Best of luck John. Now how about those dividend checks?
Citigroup Names Gerspach CFO; Kelly Shifted to Strategy Role [Bloomberg]

Someone is Getting Testy

r.jpgAllen Stanford is pissed. How on Earth can a man with those guns not be allowed to invoke his rights to counsel if you don’t let him get his mitts on some cash?
We’re not talking about a public defender here, judge. We’re talking downtown, probably wears a Stetson to the courthouse, Houston representation we’re talking about. Serious scratch.
“‘The government’s unfettered, and thus far successful, attempts to prevent Mr. Stanford from being able to mount a defence in his criminal proceedings amount to a deprivation of both his Sixth Amendment right to counsel and his Fifth Amendment privilege against self-incrimination,’ attorney Dick DeGuerin argued in in the filing.”
The judge is like, IDGAF: “Judge [David] Godbey replied to – and denied – that request last week, saying Sir Allen had ‘not shown that he has $10m dollars, or any lesser amount, in personal assets untainted by potential fraud.'”
Fine, but Stan would just like you to know that selling tickets to the gun show inside the joint doesn’t work the cons like it does the fine Texas ladies.
Stanford lashes out at federal prosecutors [FT.com]