Citigroup (C) Pandit Memo to Employees
Tweet Send to a FriendGet Alerts C Hot Sheet
Trade C Now!
Citigroup (NYSE: C) CEO Vikram Pandit issued a memo to employees on his decision to step down.
Dear Colleagues:
After five extraordinary years, I have decided to step down as CEO of Citi. It has been a privilege and an honor to serve Citi since December 7, 2007. – Only you can understand the effort and hard work that was put in to get our company where it is today.
There is nothing better than our third quarter earnings announcement to demonstrate definitively that we have turned this company around. Yesterday’s results show this clearly.
More importantly, I couldn't be more optimistic about the bank's future. Our formula has served the company well for 200 years. By going back to the basics of banking to serve the real economy, putting clients at the center of everything we do, and embracing the principles of Responsible Finance, we have put Citi in a great position for continued success.
I am proud of each and every one of you and I have the utmost confidence in your future success.
– Vikram
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Dear Colleagues:
After five extraordinary years, I have decided to step down as CEO of Citi. It has been a privilege and an honor to serve Citi since December 7, 2007. – Only you can understand the effort and hard work that was put in to get our company where it is today.
There is nothing better than our third quarter earnings announcement to demonstrate definitively that we have turned this company around. Yesterday’s results show this clearly.
More importantly, I couldn't be more optimistic about the bank's future. Our formula has served the company well for 200 years. By going back to the basics of banking to serve the real economy, putting clients at the center of everything we do, and embracing the principles of Responsible Finance, we have put Citi in a great position for continued success.
I am proud of each and every one of you and I have the utmost confidence in your future success.
– Vikram
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
- Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
- Canadian Solar (CSIQ) Continues Higher Following Arbitration Win Over LDK (LDK)
Create E-mail Alert Related Categories
Corporate News, Insiders' Blog, Management ChangesRelated Entities
Citi, Vikram Pandit, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
