He’s Mike the Mechanic.
The New York Post reports that at least that’s how one influential bank analyst views Citigroup CEO Michael Corbat after a year at the helm.
CSLA analyst Mike Mayo, who is also one of Citi’s harshest critics, claims Corbat has the bank headed in the right direction despite reporting disappointing third-quarter results on Tuesday.
'Nobody’s been more negative on (Citi) than me', said Mayo, who has locked horns with Citi officials including ex-CEO Vikram Pandit. 'But I can say that Citi is now more on the right long-term track than at anytime in the past decade'.
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