Before he took the top operating job at the CAI division, he held the same job at Citi's Global Wealth Management division, beginning in July 2006.
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Defenders of Mr. Lew say that by the time he showed up at CAI most of the bad decisions had already been made.
Cai controlled 28.8% of the company through his Cai Family Trust, which he founded at the same time.
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Cai Fang, the widely followed Chinese demographer, thinks the workforce actually peaked in 2010, and he is probably correct.
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