Financial Times FT.com

Citi directors face growing pressure to resign

By Francesco Guerrera in New York

Published: May 12 2009 22:30 | Last updated: May 12 2009 22:30

Citigroup came under growing pressure to overhaul its board on Tuesday after it revealed that two long-serving directors survived a shareholder vote largely thanks to a balloting rule that is due to be scrapped.

The results, revealed in a regulatory filing, prompted dissident investors to call for the ousting of the directors, Michael Armstrong, former chief executive of AT&T, and John Deutch, former head of the Central Intelligence Agency.

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