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Old 10-16-2012, 12:26 PM   #1 (permalink)
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Default Citigroup CEO Vikram Pandit Abruptly Resigns...

I wonder what is going on here...it isn't about the compensation as he was paid about 137M back in '07 when he sold his Hedge Fund.

Is he sick? But how awesome would it be to be the CEO and just resign without reservation, and then the COO also resigns! Are they going to start up another fund together?

Will this hurt or help our Citi Stock??? The market has reacted thus far with only a 1% gain. Long term?

G
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Old 10-16-2012, 01:36 PM   #2 (permalink)
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Where there is smoke, there is fire.
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Old 10-16-2012, 01:52 PM   #3 (permalink)
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I'm certain we will never know the actual truth.

Wall Street keeps secrets better than the CIA.
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Old 10-16-2012, 02:14 PM   #4 (permalink)
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And somewhere in an off-seas account, a bank representaive is reviewing a Mr. Tidnap Markiv's deposits for the day and thinking "that's a lot of money for one deposit"....
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Old 10-16-2012, 02:37 PM   #5 (permalink)
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A day after big earnings? I mean he was on the call yesterday and it was never brought up once. Shady as all hell.
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Old 10-16-2012, 02:42 PM   #6 (permalink)
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Quote:
Originally Posted by KaraandMelliesDaddy View Post
Where there is smoke, there is fire.
And smokey the Bear

Quote:
Originally Posted by Nicnac View Post
I'm certain we will never know the actual truth.

Wall Street keeps secrets better than the CIA.
Very true...! Can't Investigate Afterall is very secretive!

Quote:
Originally Posted by Rinkwraith View Post
And somewhere in an off-seas account, a bank representaive is reviewing a Mr. Tidnap Markiv's deposits for the day and thinking "that's a lot of money for one deposit"....
As long as it ain't my overseas account; then we are fine

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Originally Posted by XL5 View Post
A day after big earnings? I mean he was on the call yesterday and it was never brought up once. Shady as all hell.
I was on the conference call yesterday and he didn't say one blurb about anything regarding a possible departure. Who knows? A nice earnings though, so I didn't mind

Wonder what direction the new CEO will take Citi as Vikram didn't want to break up Citi and the Board wanted to, so we shall wait and see.

G
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