Two leading shareholder-advisory groups have made a naughty list out of Citigroup’s board of directors, recommending that THE BOOT be delivered posthaste to a wide variety of rear ends, including C’s new chairman, Dick Parsons:

Glass Lewis advised shareholders to withhold votes from half of Citigroup’s 14-member board, including Mr [Richard] Parsons. It gave Citigroup an “F” grade for its pay practices, based on performance. It said “it paid more than its peers, but performed worse than its peers”.

Glass Lewis recommended withholding votes from directors Michael Armstrong, the former chief executive of AT&T; Alain Belda, the chairman of Alcoa; John Deutch, the former director of the Central Intelligence Agency; Andrew Liveris, the chief executive of Dow Chemical; Anne Mulcahy, the chief executive of Xerox, and Judith Rodin, the president of the Rockefeller Foundation. RiskMetrics, another proxy adviser, recommended voting against the re-election of four directors: Mr Armstrong, Mr Belda, Mr Deutch and Ms Mulcahy.

Dick’s kind of new on the job, so we imagine he’s probably surprised to find his name on the list – he took over from Sir Fail less than two months ago! And yet Bandit still manages to dodge the boot, a point on which we remain confuddled.