Citi Chairman Is Said To Have Planned Pandit's Exit For Months

Citigroup CEO's Ouster Reportedly Planned For Months
FILE- In this Wednesday, Feb 11. 2009, file photo, Citigroup Chief Executive Officer Vikram Pandit testifies before the House Financial Services Committee in Washington. Pandit abruptly severed his ties with Citigroup on Tuesday, Oct. 16, 2012, stepping down as CEO and a director, after steering the bank through the 2008 financial crisis and the choppy years that followed. (AP Photo/Haraz N. Ghanbari, File)
FILE- In this Wednesday, Feb 11. 2009, file photo, Citigroup Chief Executive Officer Vikram Pandit testifies before the House Financial Services Committee in Washington. Pandit abruptly severed his ties with Citigroup on Tuesday, Oct. 16, 2012, stepping down as CEO and a director, after steering the bank through the 2008 financial crisis and the choppy years that followed. (AP Photo/Haraz N. Ghanbari, File)

Once he became chairman, Michael O’Neill meticulously built a case for Vikram Pandit’s ouster, drawing in one person after another until Mr. Pandit had virtually no allies left.

Popular in the Community

Close

What's Hot