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Posts Tagged ‘why did Vikram Pandit resign at Citigroup’

Whom Should Pandit Thank for “Resignation?”

Posted by Larry Doyle on October 16th, 2012 3:29 PM |

Speculation is running rampant as to whether Citigroup’s Vikram Pandit voluntarily resigned this morning or was pushed off the ledge?

It defies logic to think that Pandit and his sidekick John Havens decided that it was simply time to turn the keys to the store over to new leaders. I also do not think for a second that these “resignations” were the result of a clash with the board over Citi’s strategy and performance.

Then what prompted these seismic shifts within the executive offices of Citigroup?  (more…)






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