Gary Crittenden

Gary L. Crittenden
Born	1953
Residence	New Canaan, Connecticut, USA
Alma mater	Brigham Young University (B.S.) Harvard University (M.B.A.)
Occupation	Financial manager
Employer	Citigroup
Salary	$500,000 (2008)
Religion	The Church of Jesus Christ of Latter-day Saints

Gary L. Crittenden (born 1953) is an American financial manager formerly employed as the chairman of Citi Holdings, a unit of Citigroup, and serving on the boards of Staples Inc., Ryerson, Inc., TJX Companies, and Utah Capital Investment Corp. From March 2007 to March 2009, he was employed as the Chief Financial Officer of Citigroup.

Biography

Education and personal life

Crittenden attended Brigham Young University (BYU), before and after he took a two year hiatus to serve a mission for The Church of Jesus Christ of Latter-day Saints in Germany. During his mission, he was involved in a life-threatening accident, falling into a deep well in the dead of winter after falling through a layer of ice and being completely submerged in the ice-cold water. He emerged despite being weighed down by a suit and trench coat. After his mission, he graduated from BYU's Marriott School of Management with a Bachelor of Science degree in management in 1976 and went on to earn an MBA from Harvard Business School in 1979.

Continuing to serve his church in adulthood, Crittenden has served as a bishop, stake president, and area seventy. In 2009 he moved from New Canaan, CT to Salt Lake City, UT.

Professional life

Crittenden began his career as a consultant at Bain and Company where he worked on various strategic projects in the United States and in Germany. He was the CFO of Sears Roebuck and Company from 1997 and 1998. He then served as the CFO of Monsanto Company from 1998 to 2000. Prior to joining Citigroup, Crittenden was Executive Vice President and Chief Financial Officer (CFO) of American Express, as well as the head of the company's Global Network Services division. At American Express, he is credited with an ambitious re-engineering effort as well as a Corporate Portfolio Management effort which aimed to optimize the enterprise's resource allocation. He was also credited with the successful evacuation of more than 3,000 Manhattan employees during the September 11 attacks in New York City.

In the book, "The Trillion Dollar Meltdown," author Charles R. Morris says "Gary Crittenden, Citigroup CFO, may have been the first to tell analysts the truth [about the subprime writedowns in late 2007]. At a November analysts' call, he was asked if he would confirm the truth that the writedowns were finally over. He said he could give no such assurances. His valuations of the complex instruments involved, he said, were just a 'reasonable stab' and no more indicative of 'where we are going to come out at the end of the quarter than where we would be two weeks from now.'

Citigroup reported that Crittenden earned a salary of $500,000, and a total compensation of $12.2 million in 2008. In 2010 Crittenden was fined $100,000 by the SEC for drafting and approving disclosures filed with the SEC, which were misleading to investors regarding Citigroup's exposure to subprime mortgage assets. He has previously served on the boards of Staples Inc., Ryerson, Inc., and TJX Companies.

External links

• Crittenden article to Wharton students on expensing stock options
• Crittenden article to Marriott students on integrity