Citigroup did its best to insure its annual meeting yesterday—the one at which angry shareholders harangued senior management—reflected a "sober" mindset. No glossy annual reports were handed out, Citi's CEO Vikram Pandit said the company had saved money by skimping on free coffee and doughnuts, and, according to the Times, there weren't any "red-frosted arc cookies in the shape of the corporate logo" either. Now we know why shareholders went without treats!
It appears the bank blew its cookie-related budget the night before by sponsoring Cookie magazine's 3rd annual "Smart Cookie Awards" at Lincoln Center.
The worst part? Pandit didn't even attend, which is really too bad since seeing him with his arm around fitness guru Tracy Anderson (above) on the red carpet would have been priceless.