Prof. David Yermack on rumors that Timothy Geithner could join Citigroup's C-suite
October 22, 2012
Excerpt from Fox Business -- "Geithner’s 'lack of any experience whatsoever in the private sector is just a huge handicap,' said Yermack. 'Despite his political connections, he seems pretty unqualified to run a big bank.' Yermack also said Geithner’s relationships with other government officials could raise questions about how Citi would be regulated going forward, preoccupying the board and Geithner himself."