Shock at Citgroup: What's Going On Here?
Citigroup's CEO resigned abruptly, as did its President.
Apparently no one expected it.
CEO's of large corporations this large don't just decide to resign on the spot. Something else is going on. Then again, what do I know?
Chief Executive Vikram Pandit is stepping down, effective immediately, and will be succeeded by Michael Corbat
Apparently no one expected it.
A senior Citigroup banker in Asia said the news came as a complete surprise.More HERE...
CEO's of large corporations this large don't just decide to resign on the spot. Something else is going on. Then again, what do I know?
"I don't get the impression there are significant underlying issues driving this. I think this is more the board reacting to the share price and wanting a more hands-on manager in the CEO position."More reactions HERE...
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