Skip navigation

Insight: Corbat faces ghost of Weill's deals in Citi's machines

(Reuters) - When Vikram Pandit was abruptly ousted as Citigroup Inc's <C.N> chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door.Full story

Exclusive: Hedge fund Portman Square scales back, CEO steps down - sources

LONDON/ZURICH (Reuters) - The chief executive of one of Europe's most talked-about new hedge fund firms has stepped down in a bid to save costs after a big investor pulled its support, people familiar with the situation said. Full story

Citigroup bows to shareholder pressure, overhauls pay

NEW YORK (Reuters) - Citigroup Inc <C.N> said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability. Full story

Sponsored Links

Video

  Pandit Pushed Out?

The resignation of Citigroup CEO Vikram Pandit last week may not have been as sudden as it seemed, reports CNBC's Kayla Tausche.

advertisement | ad info

Related Photos

Citigroup's CEO Vikram Pandit gives an interview on the floor of the New York Stock Exchange
Citigroup's CEO Vikram Pandit gives an interview on the floor of the New York Stock Exchange

Citigroup's CEO Vikram Pandit gives an interview on the floor of the New York Stock Exchange June 18, 2012. REUTERS/Brendan McDermid

Pandit delivers remarks at the Bretton Woods Committee International Council conference in Washington
Pandit delivers remarks at the Bretton Woods Committee International Council conference in Washington

Citigroup CEO Vikram Pandit delivers remarks at the Bretton Woods Committee International Council conference in Washington, September 23, 2011. REUTERS/Jonathan Ernst

Former Citigroup CEO Vikram Pandit (©Jemal Countess / Getty Images)
Former Citigroup CEO Vikram Pandit (©Jemal Countess / Getty Images)

FILE - OCTOBER 16, 2012: It was reported that Vikram S. Pandit had stepped down as chief executive of Citigroup and will be replaced by the head of the bank’s European and Middle Eastern division, Michael L. Corbat October 16, 2012. NEW YORK, NY - OCTOBER 12: CEO of Citigroup Vikram Pandit speaks

Citigroup CEO Vikram Pandit in 2011
Citigroup CEO Vikram Pandit in 2011

Citigroup CEO Vikram Pandit in 2011