'Time's Up' for Citi Exec Bonuses, Wells Fargo's Mayo Says

The video discusses Citigroup's current sentiment and expense control issues, highlighting the need for the bank to meet its efficiency targets. It covers the broader bank industry's book value trends during recessions and Citigroup's specific challenges, including missing efficiency targets by 9 basis points. The discussion suggests cutting executive bonuses to achieve savings, emphasizing the need for Citigroup to prioritize shareholder interests. Institutional investors support this view, urging Citigroup to take necessary actions to meet its goals.

What is the relationship between book value and stock prices during a recession as discussed in the text?

What has been the feedback from institutional investors regarding Citigroup's executive compensation?