Tag:
Vikram Pandit
Latest Headlines
Latest Headlines
What financial execs think of Occupy Wall Street protestors
Vikram Pandit, CEO of Citigroup, says the trust between Wall Street and Main Street has been severed. He has offered to meet with the protestors.
That's certainly the politically correct thing to say right now, though there is no reason to doubt his sincerity. Do other execs share his concilia
Citi CEO strikes a conciliatory tone
With Bank of America CEO Brian Moynihan beset with issues and JPMorgan Chase CEO Jamie Dimon increasingly combative about regulatory overkill, Citigroup CEO Vikram Pandit has gone on something of a media tour, sounding positively reasonable.
He have given a series of interviews in which he has
"Globality" now a liability for Citigroup
Citigroup CEO Vikram Pandit has long styled the bank as one of the world's premier financial institutions, one that is uniquely positioned to service multinational firms.
Citi, which gets more than half its profits from emerging markets, made that pitch work for it during the recession, as its
Jamie Dimon's California tour
We've seen some CEOs at big banks embark on tours to get around the skeptical media and take their message straight to employees and customers, politician-like. Citigroup's Vikram Pandit has been known to do this. And JP Morgan Chase CEO Jamie Dimon recently took a tour of the west coast, from Sea
Sheila Bair exit leaves FDIC in better shape
Sheila Bair leaves the FDIC on both a high and a low.
In her final hours as head of a once beleaguered agency, she presided over the passage of a new, tougher clawback rule. The FDIC will now be able to seize up to two years of executives' pay if they are found to be negligent in their duties
The fallacy of the $1 salary for CEOs
When the going gets tough, some CEOs bite the bullet. They announce they will take only a $1 salary until they turn their companies around. The highest-profile example of a $1 CEO recently was Citigroup CEO Vikram Pandit, who made a single dollar in salary for 2009 and 2010. Others in the club
Citigroup gives Pandit potentially lucrative retention package
The Citigroup ( NYSE: C ) board has awarded CEO Vikram Pandit a retention package that will pay off handsomely if he can get the bank turned around. The interesting part of the plan is the deferred stock award, valued at $10 million. The bonus vests in three parts through 2015. Nothing out of th
Best and worst CEO values on Wall Street
Do Wall Street CEOs deserve their massive paychecks? That's a perennial question, one that does not often lead to innovative answers. Financial News teamed up with compensation consultant Obermatt to take an interesting look premised on the idea that most company metrics in isolation are of li
Citigroup scandal in Indonesia
Citigroup ( NYSE: C ) has been bold in its determination to turn itself into a global power, as CEO Vikram Pandit often makes this point. Unfortunately, the bank has suffered a string of incidents that have resulted in bad press overseas, especially in Asia. In some cases, the issues are quite
Analyst Mayo vs. Citigroup chairman Parsons
Mike Mayo, an esteemed bank analyst with a long history, has not been shy about taking on Citigroup ( NYSE: C ) management. Recall his earlier dispute with CEO Vikram Pandit and CFO John Gerspach over his alleged blackballing. He has also accused them of Sarbanes-Oxley attestation violations amo
