Vikram Pandit is not shy about tinkering with his talent. The New York Times notes that the elevation of John Havens to head the newly combined investment banking and alternative investment group is the third big executive shake-up at Citigroup in six months. The move also represents the latest sign that Pandit feels most comfortable with old Morgan Stanley chums. Havens is the polar opposite of Pandit in terms of personality, the Times notes, but they have worked together for 20 years. The issue for many is whether all this tinkering will bear any real fruit. Will it meaningfully affect the company's ability to manage its way through the current crisis? There are plenty of skeptics.

For more:
- here's the New York Times article

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