Getting your player ready...
NEW YORK — Citigroup Inc. is replacing its chairman with longtime board member Richard Parsons, marking a larger- scale overhaul of a board many investors blame for the bank’s problems.
Parsons, the former chief executive of Time Warner Inc., succeeds Win Bischoff, who became chairman in December 2007 after Citigroup let go of its embattled CEO and chairman at the time, Charles Prince. The move is effective Feb. 23, Citigroup said.
