From minyanville.com
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Vikram Pandit
Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer to help the largest US bank recover from serious financial problems.
Many people never thought this day would come. Citigroup’s (C) employees and shareholders -- and by definition taxpayers -- are fortunate to have Vikram Pandit at the helm of the struggling bank.After all without him they might have no one.That’s the predicament that Bank of America (BAC) finds itself in after CEO Ken Lewis’s surprise announcement in September that he plans to step down by the end of this year. The board had hoped to announce...
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