April 20, 2010 at 16:55 PM EDT
How Did Treasury Vote Its Citigroup Shares?
The United States Treasury is Citigroup’s largest common shareholder, owning 7.7 billion shares, or about 27% of the company. Which raised an interesting issue at today’s annual meeting: how should the Treasury vote its shares? Treasury answered as follows: As we have previously stated, Treasury is a reluctant shareholder in private companies and intends to dispose of [...]
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