I call bullshit...Robert Rubin held a de facto "advisory" post at Citi in return for a multi-million dollar salary ($115 milllion over ten years). Rubin was a of jerk of all trades for the company: consultant, political conduit, chick magnet, etc. Basically Rubes was a p.r. hire by Citi to curry Wall Street's favor. But most of all Rubin was just an arrogant prick.
I skipped the testimony yesterday because...
A. The Financial Crisis Inquiry Commission. (give me a f*cking break)
B. The Financial Crisis Inquiry Commission. (give me a f*cking break)
Rubin is that friend you hang out with and when a fight breaks out old Rubes doesn't step in to back you up. Decisively loyal only to himself, he is convinced there was no justification for his presence at yesterdays hearing. As a ghost employee, Rubin enjoys a certain immunity from direct responsibility. It's as though he was Rubin Corp hired by Citi to consult, but in no way has to take the heat for any blow-up because he wasn't management. For the money they paid him.... brilliant. Still, I can't help but despise his arrogance. Even if you aren't management, if the company you consult for goes out of business you (should) lose too. No matter what you tell yourself.
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