Business Insight Zone

The Epicurean Dealmaker — an anonymous insider on Wall Street — posts this acid commentary on Chuck Prince’s recent management shakeup at Citigroup (whose problems we’ve recently discussed here and here). A sample:

. . . his direct reports include the formidable Michael Klein, whom the Times describes as “a smooth investment banker … who has shown a keen instinct for survival.” Uh, yeah, that’s one way to describe him. Others might point to the fact that Mr. Klein pins the Scary Investment Banker-o-Meter at “Run. Run away now,” or that he is the perfect person to have with you at a knife fight on the Manila waterfront, as long as you keep him in front of you. [Emphasis in original.]

Do read the whole thing if you like snarky accounts of Rich Folks Behaving Badly (and if you can stomach R-rated language, since the author isn’t sparing in his choice of words). I have no idea how accurate the Dealmaker’s character portraits are, but they certainly are funny — and useful to keep in mind if you’re trying to guess where Citigroup will be a year from now.