Dick Parsons: Welcome to the “Citi”

Former CEO of Time Warner, Dick Parsons, is about to take on a daunting task. He was just named CEO of Citigroup, the struggling financial company that just received a part of the $350 billion allocated in the federal bailout, according to the NewYorkTimes.com. Parsons has already announced plans to split the company in half, including its retail brokerage arm, Smith Barney. -WW

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