The Presbyterian Church (USA) has removed Citigroup Inc. from its list of businesses probed for possible ties to violence and oppression in the Palestinian territories, saying it found no “improprieties.”
The Presbyterian Church (USA) has removed Citigroup Inc. from its list of businesses probed for possible ties to violence and oppression in the Palestinian territories, saying it found no “improprieties.”
Membership in the Presbyterian Church USA declined steadily from 2.63 million in 1996, to 2.27 million in 2006, a drop of nearly 14%.
Over roughly the same period (from the end of 1996 until today), Citigroup stock has risen from $10.92 (split-adjusted) to $31.78, a gain of 191% even after the recent severe drop in financial stocks. (And this does not even count dividends reinvested).
Clearly the Presbyterians are not as good at what they do, as Citigroup is at what they do. They really should investigate themselves for “improprieties”.