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.
He was probably pulling an Ed Crane.
ReplyDeleteScratch 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.
DeleteAny bets on how large the loss will be? I cannot imagine any other reason for such a quick departure of numbers one and two.
ReplyDelete