Citigroup (C) New CEO Mike Corbat Memo to Employees
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Sheila Bair Says Citigroup (C) Firing of Pandit is "Very Positive"
October 16, 2012 10:31 AM EDTOn Bloomberg Surveillance, former FDIC chairman Sheila Bair said the exit of Citigroup (NYSE: C) CEO Vikram Pandit is "very positive."
"This was a very positive move and the board discharged its responsibilities and I think they should be commended," Bair said. "I did have concerns about... More
Pandit's Early Holiday Gift to Citi (C) Investors: His Retirement
October 16, 2012 9:23 AM EDTHear that? That's the sound of millions of Citigroup (NYSE: C) investors high-fiving all at once.
Earlier Tuesday, Citi CEO Vikram Pandit announced he would be stepping down. The news came as a shock to many, with Pandit giving no prior indication... More
Citigroup (C) Pandit Memo to Employees
October 16, 2012 9:21 AM EDTCitigroup (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... More
Citi (C) CEO Pandit Steps Down
October 16, 2012 8:10 AM EDTThe Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Companys Chief Executive Officer and as a member of the Board, effective immediately. The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board. Mr. Corbat previously served as Citigroups CEO of Europe, Middle East and Africa.
Mr. Pandit said: Thanks to the dedication and sacrifice of people across Citigroup, we have emerged from the financial crisis as a strong institution. Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the... More
