crainsnewyork.com - 11/27/2008
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November 17, 2008 8:38 am Citigroup's layoff of 52,000 makes history New York City's second-largest private employer is cutting its payroll to make up for massive write-downs, CEO Vikram Pandit told employees Monday morning. Citigroup Inc.'s reduction of 52,000 employees announced on Monday is ...
theropolitans.com - 11/26/2008
theropolitans.com - 11/26/2008
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theropolitans.com —
The most exciting thing going on in Mets
land right now is whether or not Citigroup should...
retain the naming rights to Citi Field after getting bailed out by the US government. Remember when baseball was an escape from everyday life, where you could focus on nothing but the game and the players...?
(more)
Citigroup and their naming rights
Comments
Blog Reactions
Should the Mets rename Citi Field?
umpbump.com —
... of historic proportions . So far Citi has maintained that their “commitment to the Mets and [the] new ball park is firm,” as Jay Horwitz, the team’s Vice President for media relations, ...
Idealists, Realists & Demagogues
Faith and Fear in Flushing —
... I'd redirect the $20 million due the Mets for 2009 to save 52,000 jobs if it worked that way. I don't get the sense that it does. Among other moves, Citigroup is selling its German unit and is cutting back on investment banking (another big surprise). "Don't sponsor the ballpark" is not going to reverse those kinds of presumably necessary strategic decisions or bring those particular jobs back. Citigroup's annual operating costs are supposed to be reduced — reduced — to $50 billion after all its cuts. If we were to have them not pay the Mets for Citi Field next year, ...
Related Content
Defending Citigroup
hardballtimes.com 2/5/2009 — It's interesting to see politicians and media people excoriating Citigroup for the Mets' naming rights deal while folks who, you know, actually know stuff about business and sports are defending it. This from Darren Rovell :
It is not rational to think the contract can just be dissolved, so ...
Video: Wilpon discusses CitiGroup relationship
flushing9.com 2/4/2009 — Following Tuesday’s Wall Street Journal report that Citigroup was exploring the possibility of backing out of the 20-year marketing partnership, Mets COO Jeff Wilpon was cornered by reporters at a press conference to announce the signing of Oliver Perez.
Mets deny Citigroup will bail out of deal
nydailynews.com 2/3/2009 — Citigroup Inc.'s $400 million naming rights deal for the new Mets stadium is in no danger of disappearing despite a angry bailout backlash, team officials insisted Tuesday.
Report: Citigroup eyes options to nix Mets deal
sports.espn.go.com 2/3/2009 — Citigroup Inc is exploring the possibility of backing out of a nearly $400 million marketing deal with the Mets amid concerns about how lenders are using government bailout money, the Wall Street Journal reported.
Mets Executive Defends Citigroup’s Stadium Naming-Rights Deal
bloomberg.com 12/2/2008 — Dec. 2 (Bloomberg) -- The chief operating officer of the New York Mets defended the baseball team’s deal to call its new ballpark Citi Field even after sponsor Citigroup Inc. was bailed out by the U.S. government. “It’s good business for both of us ...
Sentiment growing against Mets/Citigroup deal
blog.silive.com 11/27/2008 — The Mets will play their home games in 2009 at Citi Field. Or HSBC Field. Or Taxpayer Field. Or New Shea Stadium. Or... For weeks now, we've been wondering how the lousy economy would affect baseball. Well, the recession...
