AFSCME presses Citigroup to break up

The Financial Times reports:

Citigroup has come under pressure from activist union shareholders who want the financial conglomerate to break itself up.

The call by the American Federation of State, County and Municipal Employees (Afscme), one of the biggest US unions with more than 1.4m members, is certain to be rejected by Citi.

However, the move shows that unions with large pension funds are increasingly targeting Wall Street groups that have suffered big losses in the financial crisis.

Government workers telling a corporation how to run its' business.