Why Sallie Krawcheck really left

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Sallie Krawcheck's rise at Citigroup was often described as meteoric. Of course, meteors have to crash or burn out at some point. Krawcheck crashed headlong into new CEO Vikram Pandit, the subject of a telling feature in the New York Times. The news struck some as yet another reminder of the glass ceiling. "As it turns out, however, her departure from Citigroup was largely the result of an old-fashioned corporate bar brawl at a bank already notorious for dysfunctional management," the Times says. It's fair to say that Krawcheck and Pandit never really got along. They clashed on client issues mainly. Pandit apparently opposed Krawcheck's attempts to reimburse Citigroup hedge fund investors who suffered steep losses. And Krawcheck opposed Pandit's desire for Citi advisors to sell only Citi products. 

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