11-29-2008, 05:44 PM
A company as large as Citi is segmented into all sorts of smaller groups, and the charitable gifts are not literally withdrawn from the operating expenses of their credit card division or their retail bank division or whatever. It would probably take a battery of lawyers to find a legal way to transfer the assets of the charitable arm into the credit card arm without breaking all sorts of laws and regulations, and in the end the money would dissolve in a sea of billions and be like a pebble in a pond.
Eliminating their advertising would not be nearly so tricky, but as pointed out they would have to default on contracts. And very well eliminate some jobs along the way.
Eliminating their advertising would not be nearly so tricky, but as pointed out they would have to default on contracts. And very well eliminate some jobs along the way.