With no specific reasons given, Citigroup CEO Vikram Pandit and Chief Operating Officer John Havens both resigned their positions this morning. [More]
vikram pandit
![Citi Shareholders Sue Bank's Directors For Paying Executives Too Much](../../consumermediallc.files.wordpress.com/2012/06/citibillboard.jpg?w=240&h=180&crop=1)
Citi Shareholders Sue Bank's Directors For Paying Executives Too Much
Earlier this week, the shareholders of Citigroup said “hell no!” to the notion of paying company CEO Vikram Pandit $15 million. Today, they took their anger a step further and filed a lawsuit in federal court, saying Citi execs should not be rewarded for doing a so-so job. [More]
![Citi: We Lost $7.6 B, But On The Bright Side, We Fired 100,000 People](../../consumermediallc.files.wordpress.com/2012/06/1-19-2010-10-09-59-am.jpg?w=250&h=173&crop=1)
Citi: We Lost $7.6 B, But On The Bright Side, We Fired 100,000 People
Citi CEO Vikram Pandit is reassuring investors today after his firm lost $7.6 billion in 2009 by telling them to look on the bright side — at least they fired 100,000 people. [More]