This at least sounds promising:

Amid pressure to shake up its board, Citigroup initially suggested it would begin making director changes at the April shareholder meeting. The Fed rejected that, pushing lead director Richard Parsons to act sooner. The Fed has also frowned upon some potential nominees that Citigroup has informally pitched to the agency, saying Washington would prefer “tough-minded independent thinkers.”

Who would want to take that gig? See for example:

In a recent meeting with investment bankers, Citigroup’s investment-banking chief, John Havens, was pushing his deputies to further streamline operations in order to reduce costs. One executive asked whether the changes needed to be made quickly. The question “is typical Citi,” Mr. Havens replied, suggesting that decisions at the company take too long, according to a person at the meeting. “That’s why Geithner is so intolerant with us these days,” Mr. Havens told the bankers.

Now, gallows humor is setting in. This week, some employees noted that they always thought that working for Citigroup — with its unwieldy bureaucracy and clashing fiefdoms — was like working for the government anyway.

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at