BRIEF-Citigroup Chairman: 'major work' done in shedding assets

April 24 Wed Apr 24, 2013 11:55am EDT

April 24 (Reuters) - Citigroup Inc : * Chairman: Board confident strategy will yield returns higher than cost of

capital * Chairman Mike O'Neill: 'the major work has been done' in shedding assets * Chairman: Company still likely to make 'mid-course corrections' in strategy * Officials respond to questions at annual meeting about breaking up the

company * Chairman on relationship with new CEO Mike Corbat: 'I work closely with

mike...I am not intrusive, but I am interested' * CEO Corbat on risk of having a rogue trader: 'The way we run our institution

is different from JPMorgan'

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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