Jerry Grundhofer, the brains behind US Bank, is wading into the CitiGroup mess, it was announced this morning. He’s one of four independent candidates for the troubled bank’s board of directors.
The four new directors are the trade-off Citi made in exchange for the government taking a a 36% stake in the company.
Grundhofer has made a career of turning around failing banks.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts where he was VP of programming for Berkshire Broadcasting Co. He was an editor at the RKO Radio Network in New York, and WHDH Radio in Boston. He is the founder of the MPR News’ website. He is a private pilot and flies an airplane he built.