Citigroup Eyes Parsons for Chairman Role

November 13, 2008 World Screen

NEW YORK, November 13:
Time Warner chairman Richard Parsons is reportedly being considered to replace
Win Bischoff as the chairman of Citigroup.

According to the Wall
Street Journal, some directors on
the Citigroup board are considering a move to replace Bischoff, as they are
dissatisfied with the company's performance. Parsons, who is a member of
Citigroup's board, is said to be a leading candidate.

The possible chairman
switch, which is still in the discussion phase, reflects a rising sentiment
among some Citigroup directors that they'd prefer to have an outsider running
the board, the paper indicated.

—By Kristin
Brzoznowski