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To: Terry Maloney who wrote (347421)11/4/2007 8:41:06 PM
From: MythMan  Read Replies (3) | Respond to of 436258
 
>>Mr. Rubin, who has held the largely advisory role as chairman of the bank’s executive committee, will take on a wider role, though he continues to balk at supervising the bank’s daily operations. Mr. Rubin has long insisted that he does not want to take over as chief executive.

Indeed, Mr. Rubin is expected to step down from the bank altogether after board settles on a new leadership structure, this person said.

Mr. Rubin’s standing at Citigroup has long been contentious. In better times, his role as a board member and chairman of the bank’s executive committee was often referred to as the “best job in the world.”

He has collected more than $150 million in cash and stock over eight years to serve as the bank’s elder statesman, meeting with important clients and building relationships with government and business leaders around the world, though his contract states that he is to have no daily operational responsibilities.

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