Tuesday, October 16, 2012

Citigroup CEO Vikram Pandit Resigns

Citigroup Inc Chief Executive Vikram Pandit has resigned effectively immediately, the company said in a statement this morning from Chairman Michael O'Neill.

What's up with this? Top banksters usually plan their departures years in advance.

UPDATE:

Citigroup President and Chief Operating Officer John Havens also resigned.

3 comments:

  1. He was probably pulling an Ed Crane.

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    1. Scratch that....bigger things if he fellow cronyists are stepping down too. Maybe we'll get lucky and this will be big enough to kick off bank closures in the big picture.

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  2. Any bets on how large the loss will be? I cannot imagine any other reason for such a quick departure of numbers one and two.

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