This morning the business world woke to some surprising news. The CEO and COO of Citigroup resigned abruptly, without reason, just walked away. The news has all the pundits scratching their noggins. Why?
One of the leading guesses is that the day after the bank posted a strong quarter that sent it's stock upwards 5% is because of executive compensation rules imposed by the State. $1 is all the salary and compensation the CEO was receiving.
Sound familiar? Just read Atlas Shrugged. Who is John Galt? Vickram Pandit may be John Galt.