Forbes.com columnist Dennis Kneale noted Friday that the coverage of the Maria Bartiromo/Citigroup jet controversy has taken business journalists away from what they should be writing about — the problems at the New York-based bank.
“Something odious and sexist and archaic drives these artfully veiled accounts. Bartiromo, who plays it straight and is fiercely committed to her job, would not have been made a target if she weighed 200 pounds and looked like Winston Churchill. And Thomson wouldn’t have gotten pilloried in the press if there weren’t enemies inside or close to Citi feeding off-the-record invective to the writers.
“Let us get back to business: Citi has 1,000 banking branches in the U.S., while Bank of America has six times as many; it has failed to reap billions in private equity bets the way Goldman Sachs routinely does; and it runs third in credit cards. If the numbers suck when the company reports earnings in coming weeks and quarters, we’ll know the real reason for this brouhaha: Mariagate was a way to distract attention from the real screw-ups at Citigroup itself.”
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