shareholders demand: $35.90
"Citigroup shareholders ask Citigroup Board to explore structural changes (C) 36.16 : Trillium Asset Management, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan recently filed a shareholder proposal with Citigroup asking the company's board of directors to explore a possible separation of one or more of its business units. Citigroup's shares have consistently traded below book value since late 2008, it failed the Federal Reserve's CCAR stress tests in March 2012, and regulators continue to forbid it from returning significant capital to stockholders due to concerns over its financial stability. The resolution specifically requests that the Board of Directors appoint a committee, composed exclusively of independent directors, to explore extraordinary transactions that could enhance stockholder value, including the separation of one or more of Citigroup's businesses. The resolution also requests that the committee publicly report on its analysis to stockholders no later than 120 days after the Citigroup's 2013 Annual Meeting of Stockholders." briefing