The Feminine Touch, Hopefully
Jane Fraser was selected to be the next CEO of Citigroup, the first woman to run a “money center” bank. One can only hope that she will best the performance of her predecessors. Almost any time frame in which one might evaluate Citigroup shares, year to date, one year, five years, the performance is abysmal.
And let’s not forget, Citigroup was a stock that was trading at $557 before the Great Recession. At today’s price of about $50, the leadership prior to Ms. Fraser’s ascent lost more than 90% of the value once held by shareholders.