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Is Citigroup too big to manage?
Few companies generate press like Citigroup. Fortune at least asks an interesting question: is the banking behemoth too big to manage? Well, the only one who really has to answer that is Vikram Pandit. A lot of good men have failed: John Reed, arguably Sandy Weill, certainly Chuck Prince. But by signaling that he will not break up the company, Pandit is declaring himself fit for the job. This is biting off a whole lot. We can only hope he sees something beyond sheer breadth, which dazzled his predecessors. I wonder how long analysts and top shareholders will give him before they demand results. Unfortunately, no one can say that there's no way things could get worse. Bottom line: he'll end up a legend or yet another goat.
For more:
- here's the Fortune article
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