1. Citigroup Just Made a Big Decision About its Board of Directors That is Rare Across Wall Street

    Citigroup Just Made a Big Decision About its Board of Directors That is Rare Across Wall Street
    • Citigroup's board has chosen John Dugan, the former head of the OCC, to be its next chairman, according to a company statement.
    • Dugan will replace Mike O'Neill, who's leaving after hitting the mandatory retirement age of 72, on January 1.
    • The choice of Dugan rather than Citi CEO Mike Corbat, also thought to be in the running for the role, preserves a split between the chairman and CEO positions that is relatively rare across Wall Street...
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