The real reasons behind Citigroup CEO Mike Corbat's early retirement

On Thursday, Citigroup announced that its CEO, Michael Corbat, would retire in February...

The real reasons behind Citigroup CEO Mike Corbat's early retirement Citigroup announced last week that its CEO, Michael Corbat, would retire in February. The news shocked Wall Street, as most believed the Citi veteran would remain at the helm for at least a few more years. In actuality, regulators were losing patience with Corbat because of his inability to fix risk, compliance, and technology systems, according to people familiar with the matter. Business Insider spoke to seven current and former Citi employees to get an inside look at the lead up to Corbat's announcement. Read Now → Email sent to: ipat39@gmail.com   |   Unsubscribe Terms of Service   |   Privacy Policy © 2019 Insider Inc. 1 Liberty Plaza, New York, NY 10006