parsons

Citigroup's Chairman Richard Parsons told the board that he will split his time between Citigroup (C) and Providence Equity Partners, a private equity firm. Is this the right time to be changing his focus just as Citi tries to climb out of its deep hole? Citi is not ready for prime time if it's...

Citigroup's (C) Chairman Richard Parsons made it clear Thursday that he doesn't intend to seek any more capital injections from the government and is certain Citigroup will remain in private hands. When asked by Reuters if Citi needs more government bailout money, Parsons said, "No, I think...