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Vikram Pandit the front-runner to be Citigroup's CEO
Citigroup Inc. (NYSE: C) may name Vikram Pandit, the former Morgan Stanley (NYSE: MS) executive who sold his hedge fund to the New York-based financial services giant for $800 million in July, as the company's new CEO this week, according to various ...
As expected, Citigroup names Vikram Pandit CEO
As expected, Citigroup Inc. (NYSE: C) today named Vikram Pandit as its new CEO, replacing the hugely unpopular Charles Prince. Acting CEO Win Bischoff replaced former Treasury Secretary Robert Rubin as chairman. Rubin didn't want the job permanently. ...
Three steps for Pandit to lift Citi's stock
BusinessWeek reports that former Citigroup Inc. (NYSE: C) Chair Robert Rubin picked Vikram Pandit because Rubin thought Pandit could "drive the vision, drive the execution." I welcome a comment from anyone who can explain what that means. What comes ...
Citigroup CEO Vikram Pandit buying C stock
Citigroup Inc. (NYSE: C) shares are lower today, dragged down by the overall market. However, it has been reported that CEO Vikram Pandit and another big shot at C have recently purchased a combined one million shares of the bank's stock. These guys ...
Will Citi report a $20 billion loss for 2008 and dump Pandit?
It's pretty obvious -- but not certain -- that Citigroup (NYSE: C) will report a worse-than-anticipated fourth quarter loss. Otherwise, why would there be so much discussion about selling Smith Barney, replacing Citi's Chairman Win Bischoff with Dick ...
John Thain for Citi CEO
It's been almost a year since December 12, 2007, when Vikram Pandit took over as CEO of Citigroup (NYSE: C). His performance has been outstanding -- and not in a good way. During the last four quarters, Citi lost $20 billion. Sure Pandit has plans ...
Citigroup CEO Vikram Pandit to rake in $1 salary
A few lucky executives at Citigroup (C) received base pay raises this year, but CEO Vikram Pandit isn't among them. The bank announced that it will compensate Pandit exactly $1 for his services, with no stock salary. Last year, the chief executive ...
Humilation for Citigroup's (C) Pandit
Citigroup (NYSE: C) CEO Vikram Pandit was a famous hedge-fund manager. After Citi bought his company, he was in a position to move into the top job. It is lucky he was moved into the corner office months ago as one of the funds Citi picked up from ...
Citigroup: CEO Pandit's solution to keep his job -- fire people
Citigroup (NYSE: C) CEO Vikram Pandit faces much of the blame for the bank's falling share price. He has not sold off enough under-performing units. He has not cut costs enough. He has not articulated a strategy for where the company plans to make ...
Citigroup's Pandit may give up that big bonus he does not deserve
Vikram Pandit, CEO of Citigroup (NYSE: C), and his top managers may give up their 2008 bonuses as a show that they are willing to make sacrifices after the federal government saved the bank with a huge bailout package. Board member Robert Rubin may ...
Newspaper wrap-up: Harris ponders future and considers selling
MAJOR PAPERS:
Harris Corporation (NYSE: HRS), concerned about its future growth, may see limited opportunity and may consider selling itself, the Wall Street Journal reported. If it does decide to sell, suitors could include Raytheon Company ...
Citigroup (C): Cutting bonuses for rich people
The high and the mighty at Citigroup (NYSE: C) will not take bonuses for 2008. That includes CEO Vikram Pandit, Chairman Win Bischoff, and board member extraordinaire Robert Rubin.
It may save Citi shareholders a few million dollars, but it is hardly ...
The confusion at Citigroup (C) gets more confused
The Wall Street Journal says that Citigroup (NYSE:C) CEO Vikram Pandit has the support of the board. That is even with the bank likely to lose another $10 billion in the most recent quarter. Over at The New York Times, the business desk sees Citi ...
Stay away from Citigroup (C)
Many investors are calling brokers or turning to blogs and asking, "Is it time to buy the financials? Aren't they all safe now? Aren't they cheap?"
The bounce started with the rescues of Citigroup (NYSE: C), so let me begin right there.
The ...
Citi down 20% as Credit Default Swap premium spikes 55%
Citigroup, Inc. (NYSE: C) has gone below $5 a share which triggers the dreaded sell-off by institutional investors who are not allowed to own stocks that trade below that level. And rumors of Vikram Pandit's departure from the CEO role are beginning ...
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
