The ceo of citigroup announced a $8 billion write-down for the company because of bad loans. this announcement followed a previous announcement of a $5 billion write-down three quarters earlier. the board asked him to step down.
a. the board does not have the authority to remove a ceo.
b. the shareholders must approve the removal of a ceo.
c. the ceo is elected by the shareholders.
d. none of the above
Answers: 1
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The ceo of citigroup announced a $8 billion write-down for the company because of bad loans. this an...
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