Citigroup, which is trying to cut $50 billion of expenses next year, has decided to stop leasing the elaborate (model train-ed.) display that for two decades has run in the bank’s headquarters building in midtown Manhattan during the holiday season.
The display will be dismantled after the holidays and won’t be back next year.
The savings for Citigroup? About $240,000 in 2009.
This is the same outfit who gave their retiring CEO $29,500,000 last year.
The big banks have been run by empty suits.