Economic Update - Citigroup Renovations Inspire Grumbles
March 20th, 2009
It's a mark of the times that a corporate real estate property management story is headline news, namely the report that Citigroup Inc. plans to spent about $10 million for executive office renovations. In ordinary times, that would be as newsworthy as the paving of a side street in lower Manhattan, but the backlash over corporate excess has put such expenditures by bailout beneficiaries under a high-powered microscope.Entry Filed under: News
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