Local banker to Citi's board
Posted at 7:53 AM on March 16, 2009
by Bob Collins
Filed under: Economy
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.