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Citigroup's Pandit falls under the gun?

It was not enough that Citigroup (NYSE: C)'s CEO Vikram Pandit sold the bank a hedge fund business which lost most of it value, now he is being accused of being too slow in coming to decisions and making it difficult to turn the bank around. Investors can always hope he will be pushed out. It would probably add $5 to Citi's share price.

According to The Wall Street Journal, "Even executives who praise his cautious, deliberative approach express concern Mr. Pandit is taking too long to make decisions." Add to that the concern that Pandit has not disclosed his longer-term plan for the business.

The attacks on Pandit appear to be lead by the founder of the modern Citi, Sandy Weill. The deal-maker created the complex company and would probably be best to keep his thoughts to himself. He bears at least as much responsibility for Citi's problems as his hand-picked successor Chuck Prince.

None of that lets Pandit off the hook. He has made no real attempt to streamline the company by selling off any major assets. Is Citi a stock broker though Smith Barney, an investment bank, a consumer bank, or a corporate lender? As Warren Buffett recently pointed out, some large financial companies have become too complex to run. Pandit needs to sell-off some assets and focus the firm on two or three core operations.

Right now, it looks like Citi may have three bad CEOs in row.

Douglas A. McIntyre is an editor at 247wallst.com.

Prince fights eBay (EBAY) and YouTube (GOOG) over copyright infringement

The Artist Formerly Known As PrinceIn what I see increasing as a practice, music artist Prince has started a catfight with Google, Inc.'s (NASDAQ: GOOG) YouTube service and eBay, Inc. (NASDAQ: EBAY) over copyright violations dealing with unauthorized video content on YouTube and Prince-labeled clothing and shoes on eBay.

The constant battle copyright holders continue to have with the opening of content and commerce on the global web won't be over soon -- far from it. In fact, the web can be both the biggest threat and the most lucrative distribution tool for music and video artists. Defining the line between those, however, is so blurry no corrective lenses will ever be able to see it clearly.

Prince's issue here is the constant re-posting of his videos and other content on YouTube, even after his internet policing specialist successfully worked with YouTube officials taking down content that infringed on his copyright. In true YouTube fashion, more content is immediately uploaded and the circle starts all over again.

Then come the mousepads and shoes showing up on eBay with Prince's likeness. Same deal as with YouTube -- he just wants those items to be taken down for good. In an age where users are the ones responsible for uploading and listing infringing material -- not the hosting companies like eBay and YouTube -- how far does the responsibility go for both companies? That question still has no answer, and the web will continue upending the entertainment industry little by little.

Prince's latest a freebee in U.K.

Subscribers to the Sunday edition of England's legendary Daily Mail newspaper found an extra treat this week; a copy of Prince's new CD, Planet Earth. The freebie comes as the musician is about to launch a series of 21 concerts in London's O2 arena.

As you can imagine, the free distribution of up to two million copies of the new disk sat poorly with the country's music retailers and caused the world distributor for the CD, Sony Corp. (NYSE: SNE), to drop plans to market the CD in England.

Planet Earth is not the first CD to appear in the Sunday Mail. They began using the premium in 1998. Since then, the other large British newspapers have followed suit, until now each routinely offers a CD, DVD or other premium in its Sunday editions.

I look forward to the day I find a Sarah Brightman CD in my New York Times, or Australian folk ballads in the Wall Street Journal, or Britney Spears' latest in the National Enquirer. Who knows? The day may even come when we offer free downloads on Sunday to readers of BloggingStocks!

'Sign O' the Times:' Prince performs at Macy's

Fourteen hundred lucky Prince fans will be able to catch a live concert at the downtown Minneapolis Macy's on July 7. The pocket-sized pop star is performing in his hometown at the Federated Department Stores (NYSE: FD) branch to coincide with the launch of his new fragrance, 3121.

For $250, a ticket to what's being called the Ultimate Prince Xperience, you get admission into the private concert, a ticket to Prince's concert at the Target Center that evening, and a bottle of the fragrance (3121 is also the name of Prince's newest album).

Remember when Prince was so against commercialization

and the corporate control of his record company that he scrawled "Slave" across his face and changed his name to an unpronounceable symbol? Yeah, me neither.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

'The Bachelor' officer, Prince Harry: Will hot men in uniform bring new attention to the war?

Tonight is the finale of ABC's The Bachelor: Officer and a Gentleman, starring outrageously handsome (and blue-eyed, tan, white-toothed, chiseled-chested) Navy diver and doctor Andy Baldwin. As I wait with bated breath for him to choose Tessa (he must, he must!), I have to wonder: Just how big an effect does the media's portrayal of military men have on the war? As we begin to accept the glamorization of Officer Andy (let's remember it's been a long time since everyone was hot for Richard Gere in the movie An Officer and a Gentleman), if Walt Disney Co.'s (NYSE: DIS) ABC can bank on a military guy -- if anyone can make money from a man in uniform -- will this change America's currently blasé attitude toward the war?

If Mr. Officer/Gentleman and his new bride-to-be are a symbol that popular culture is starting to fall back in love with the military, how much more so must one of the two ultimate romantic icons: Prince Harry. Although the British military recently reversed its decision to send him to Iraq (there were "unacceptable risks" said the Ministry of Defence), the media is nonetheless flooded with photos of Harry in dress uniform, Harry in fatigues, Harry painted up with full camouflage. Suddenly, the military is big business again -- and I'm not even talking Halliburton (NYSE: HAL) or Lockheed Martin (NYSE: LMT). No, the military is big cultural business. We can't stop talking about it. We can't stop romanticizing the hot men in uniform, and I predict television, movies and other popular media will be full of chiseled-chested officers in the coming few years.

The military is never half as romantic in real life as it has been in some of the most iconic movies and television shows over the years, but lately it has been portrayed as decidedly unromantic (no one, for instance, could call George Clooney's character in Gulf War movie Three Kings "romantic"). The tide is most obviously turning. Will America turn too?

(And for the record, pick Tessa!)

Best & Worst: The Donald as hair icon

This post is written as part of AOL Money & Finance's Best & Worst 2006. You can vote for Donald Trump's hair as the Worst Signature Style.

Good Mr. Trump, he of the fluffy comb-over, had a heck of a year in 2006. We should all be so lucky (he would ascribe luck to none of it, of course, but that is another matter)!

Just a few of his accomplishments:

  • The Iconic Donald saw his net worth rise again above a mere five billion dollars.
  • He is erecting buildings all over the world, including a Trump Tower in Dubai. The Hair is literally global.
  • He married a stunning model, half his age, and fathered a lovely son whom he subtly named Baron. He has stated for the record that he does not and will not change the baby's diapers.
  • His television show, The Apprentice, is literally one of the top-rated shows in television. To demonstrate that his Trumpian blood line lives on, he fired his firm professionals from the show and put both of his genetically perfect children on camera alongside him. And they are articulate and on the ball, like pop.
  • To put a capper on his TV dominance he put a smack down on his "friend" and Apprentice ingénue, Martha Stewart, when she attempted her own show and talked down the D-man. Nobody does that! Wonder how he handles his enemies when they cross him?

And now, at year end, he is giving foreign-policy style speeches and musing about running for president. And like our current president, the Donald does not drink alcohol. No wonder he is always so crisp.

Continue reading Best & Worst: The Donald as hair icon

Main Street Indicators: Halloween costumes possess your stock picks

It's usually sometime around October 1 that I first start seeing the Halloween costumes on the three- and four-year-olds in my neighborhood. A little girl on a morning run September 29 was my first sighting: a slinky tiger suit. It was especially awesome worn with one sleeve off. Last night, my son's friend Jackson came over to play wearing his Flash costume. My girls are equivocating; princesses, Tinkerbell, or the all-pleasing little girl combo, the fairy princess?

Yep. It's all about princesses, and mermaids, and of course, princess mermaids this year. It's Ariel's fault, naturally, she of the Little Mermaid movie re-release and the incessant repetition of "Kiss the Girl" on Disney Radio. As for my four-year-old, he wants to be a pirate. More specifically, a Pirate of the Carivean (his interpretation of "Pirates of the Caribbean Dead Man's Chest" -- frighteningly enough, he knows to put "Dead Man's Chest" at the end of the title every time he mentions it). Or maybe, he tells me, Diego (of Go, Diego, Go!, part of Viacom, Inc. (NYSE:VIA)'s Dora the Explorer franchise on Nick Jr.).

When I saw the Wall Street Journal's piece on popular Halloween costumes this year [subscription required], it got me to thinking: could I recommend stocks based on my considerable Halloween costume field studies?

Most obviously, The Walt Disney Company (NYSE:DIS) is a good bet for your Halloween investing dollar (is there such a thing?) It's princesses and mermaids and pirates, oh my! on the trick-or-treat path this season. But what else?

Continue reading Main Street Indicators: Halloween costumes possess your stock picks

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DJIA-215.458,376.24
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S&P 500-25.52845.22

Last updated: December 04, 2008: 09:16 PM

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