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Vikram Pandit

Citigroup Investors Cheer Massive Layoffs, Hope For More

The Huffington Post | Mark Gongloff | Posted 12.06.2012 | Business

If you're one of the lucky 11,000 employees whose holidays just got ruined by Citigroup, here's some cold comfort: You'll have company soon enough. ...

Lessons From Citibank's New CEO Announcement Cascade

George Bradt | Posted 01.14.2013 | Business
George Bradt

The announcement of a new leader will impact different people differently. Some will be emotionally impacted. Some will be directly impacted. Some will be indirectly impacted. Some will be less impacted. Manage how they hear the news differently.

Ousted CEO Gets Millions In Walking Money

Reuters | Posted 01.10.2013 | Business

* Former CEO Pandit and COO Havens to receive $15.5 million * Board chairman says sums are not severance payments * Boar...

Citigroup CEO's Ouster Reportedly Planned For Months

The New York Times | JESSICA SILVER-GREENBERG and SUSANNE CRAIG | Posted 10.26.2012 | Business

Once he became chairman, Michael O’Neill meticulously built a case for Vikram Pandit’s ouster, drawing in one person after another until Mr. Pandi...

WATCH: Neil Barofsky's Disappointment With Vikram Pandit and President Obama

Bill Moyers | Posted 12.23.2012 | Business
Bill Moyers


CNBC Anchor: Pandit Stepped Down Because Obama Said Mean Things About Him

Posted 10.16.2012 | Business

Why is Vikram Pandit suddenly out as Citigroup’s CEO? It couldn’t possibly have anything to do with job performance, could it? No, if you ask ...

Mark Gongloff

Vikram Pandit's Departure The Latest In A String Of CitiDebacles | Mark Gongloff | Posted 10.16.2012 | Business

Vikram Pandit's abrupt tumble from atop Citigroup is the latest example of the bank's transformation from the model of big-tent banking into a dysfunc...

'They Did Force Him Out'

The Huffington Post | Bonnie Kavoussi | Posted 10.16.2012 | Business

Jim Cramer is freaking out. The CNBC anchor looked shaken Tuesday morning as he reported on Vikram Pandit's departure from Citigroup, claiming the ...


Posted 10.16.2012 | Business

Vikram Pandit is resigning as CEO of Citigroup, the company announced in a press release Tuesday. He will be replaced by Michael Corbat, previously th...

Sheila Bair: Tim Geithner Gave Citigroup What It Wanted

The Huffington Post | Bonnie Kavoussi | Posted 09.27.2012 | Business

Former financial regulator Sheila Bair says that Treasury Secretary Timothy Geithner was primarily concerned with shoring up Citigroup and other banks...

Bank Bailout 'Plagues' Former Wall Street Regulator

Mark Gongloff | Posted 11.20.2012 | Business
Mark Gongloff

Sheila Bair thinks maybe the bank bailout was a bad idea. The former chair of the Federal Deposit Insurance Corporation, in a new book about the financial crisis, says she worries that forcing the biggest U.S. banks to take $125 billion in government money in October 2008 caused more problems than it solved.

The Nicest Wall Street CEO Still Opposes Ending 'Too Big To Fail'

The Huffington Post | Bonnie Kavoussi | Posted 08.21.2012 | Business

Citigroup CEO Vikram Pandit -- a man of the people by Wall Street standards -- still opposes breaking up big banks like his and ending "too big to fai...

Citi Still Mum On CEO Pay

Mark Gongloff | Posted 08.29.2012 | Business
Mark Gongloff

How on earth is Vikram Pandit supposed to do other important banker things when he is constantly being pestered by you people about his pay?

Stiglitz: '1 Percent Has More Knowledge How To Shape Beliefs'

The Huffington Post | Harry Bradford | Posted 06.18.2012 | Business

Joseph Stiglitz says the rich have got America right where they want it. The Nobel Prize-winning economist writes in Salon that the super-rich hav...

Joe Nocera's Misplaced Infatuation with "Good" Bankers

Laurence J. Kotlikoff | Posted 08.16.2012 | Business
Laurence J. Kotlikoff

Joe, you are the New York Times chief columnist on banking. It's time for you to focus on the real problem with the banking system and stop looking for saviors. It's banking policy, not people, Joe, that needs changing.

Bankers To Fed: We're Feeling Some 'Unnecessary Tension' Over Executive Pay

Posted 06.12.2012 | Business

Apparently company shareholders don't agree with the Federal Reserve about how executives should get paid, according to those executives. The Fede...

Banks Are Spending More On Their Staff, Even As They Cut Back On Bonuses

The Huffington Post | Jillian Berman | Posted 08.06.2012 | Business

Bankers' pay is taking up a bigger share of bank earnings, even as the number of investment bankers not taking home a bonus has shot up. Staff cos...

That Huge Bonus May Actually Make You Screw Up

Posted 05.10.2012 | Business

Don't choke! It's advice we’ve all heard before, but it’s much easier said than done, according to a new study. After a certain threshold, ...

Ex-Tyco Executive Who Looted Company Now Says He's Owed $60 Million

The Huffington Post | Harry Bradford | Posted 05.09.2012 | Business

Even after being convicted for bilking his former employer for millions, one ex-executive is suing the company from behind bars, claiming he's still o...

A New Spring Trend for Shareholders: Corporate Accountability

Elizabeth Parisian | Posted 06.24.2012 | Chicago
Elizabeth Parisian

GE's federal tax dodging has a significant impact on Chicago's neighborhoods

'No' Vote on Citigroup's Pay Should Spark CEO Compensation Reform

Judith Samuelson | Posted 06.23.2012 | Business
Judith Samuelson

What would pay look like if pay packages emphasized investment in the real economy over short term profits that emanate from the non-productive activity that got us into trouble in the first place? Citi might be a great place to experiment.

Ex-Citi Chairman: Poor Communication To Blame For CEO Pay Fight

Reuters | Posted 06.19.2012 | Business

* Ex-chairman says pay plan not explained well * Plan by board lost in advisory poll of shareholders * Barney Frank prai...

CEO Pay Rising Less Quickly Due To Shareholder Discontent: Study

Reuters | Posted 06.19.2012 | Business

* CEO pay rose 14 pct in 2011 vs 23 pct in 2010 * AFL-CIO presidents says Citigroup pay vote "a bell-ringer" * Mutual fu...

Citigroup CEO Vikram Pandit's Modest Country Home Is For Sale, For $4.3 Million

The Huffington Post | Mark Gongloff | Posted 04.18.2012 | Business

Well, hope you're happy with yourselves, Citigroup shareholders: You've gone and made Vikram Pandit sell his house. OK, maybe you didn't actually m...

The Significance of Citigroup's Shareholder Revolt

Robert Reich | Posted 06.18.2012 | Business
Robert Reich

The vote against Vikram Pandit's proposed pay package isn't binding on Citigroup. But it's a warning shot across the bow of every corporate boardroom in America. Shareholders aren't happy about executive pay.