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.
Bob Collins retired from Minnesota Public Radio in 2019 after 12 years of writing NewsCut and pointing out to complainants that posts weren’t news stories. A son of Massachusetts, he was a news editor 1992-1998, created the MPR News regional website in 1999, invented the popular Select A Candidate, started several blogs, and every day lamented that his Minnesota Fantasy Legislature project never caught on.
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Bob Collins