From Jerry Del Colliano:
"This is a formal notice directed to Citadel employees with 401k retirement plans. The retirement plan administrators have chosen to cut off Citadel employees from putting their 401k money into Citadel common stock. Any funds currently being contributed to purchase Citadel stock will be automatically re-directed to a less risky alternative investment".
Add the engagement of Lazard Freres LLC, and it looks like the light at the end of the tunnel is indeed the Bankruptcy Express, bearing down at breakneck speed. That could be good news for clusters like Buffalo that have been pouring money into corporate to feed the debt service gorilla perched on Farid's back. Let's hope that the next owner looks at what's happened since Citadel started indiscriminately mandating cuts, and understands the value of TALENT.
"This is a formal notice directed to Citadel employees with 401k retirement plans. The retirement plan administrators have chosen to cut off Citadel employees from putting their 401k money into Citadel common stock. Any funds currently being contributed to purchase Citadel stock will be automatically re-directed to a less risky alternative investment".
Add the engagement of Lazard Freres LLC, and it looks like the light at the end of the tunnel is indeed the Bankruptcy Express, bearing down at breakneck speed. That could be good news for clusters like Buffalo that have been pouring money into corporate to feed the debt service gorilla perched on Farid's back. Let's hope that the next owner looks at what's happened since Citadel started indiscriminately mandating cuts, and understands the value of TALENT.