Sheila Bair Says Citigroup (C) Firing of Pandit is "Very Positive"
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Citigroup (C) Board said to have ousted Pandit over poor execution
October 16, 2012 11:56 AM EDTCitigroup, Inc. (NYSE: C) Board said to have ousted Pandit over poor execution, according to Bloomberg headlines.... More
Citigroup (C) CEO Pandit left after a clash with the board - WSJ
October 16, 2012 10:03 AM EDTThe Wall Street Journal says Citigroup (NYSE: C) CEO Pandit left after a clash with the board which was frustrated with performance of the institutional clients unit.... More
Citigroup (C) New CEO Mike Corbat Memo to Employees
October 16, 2012 9:48 AM EDTCitigroup's (NYSE: C) new CEO Michael Corbat issued a memo to employees after he was tapped for the top job after Vikram Pandit surprisingly stepped down.
Dear Colleagues:
I am both humbled by the confidence the Board has placed in me, and excited by the prospect of working closely with our management team and the Board to take our Company forward. Together with our talented employees around the world, I am confident that we... More
Citigroup (C) Pandit Memo to Employees
October 16, 2012 9:21 AM EDTCitigroup (NYSE: C) CEO Vikram Pandit issued a memo to employees on his decision to step down.
Dear Colleagues:
After five extraordinary years, I have decided to step down as CEO of Citi. It has been a privilege and an honor to... More
Citi (C) CEO Pandit Steps Down
October 16, 2012 8:10 AM EDTThe Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Companys Chief Executive Officer and as a member of the Board, effective immediately. The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board. Mr. Corbat previously served as Citigroups CEO of Europe, Middle East and Africa.
Mr. Pandit said: Thanks to the dedication and sacrifice of people across Citigroup, we have emerged from the financial crisis as a strong institution. Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the... More
