Citi: Your $30,000 is gone, so stop bothering us

Citigroup challenged Ray T. Chevedden’s submittal of a 2010 rule 14a-8 proposal, citing that he still owns the same 384 shares worth $30,000 in 2000. However these $30,000 shares are now worth only $1900 which is below the $2000 threshold for rule 14a-8 proposals.