Citigroup exit: Was it Pandit vs. the board? – USA TODAY
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Citigroup exit: Was it Pandit vs. the board?
USA TODAY As part of the Troubled Asset Relief Program (TARP) to save ailing banks, the U.S. Treasury invested $ 25 billion in Citi in exchange for perpetual preferred stock and warrants. One month later, Citi reveals that Treasury will invest $ 20 billion more. February … In Citigroup Shake-Up, a New Show of Power by Boards Citigroup Board Said to Oust Vikram Pandit Over Poor Execution Return of the Bankers at Citi |
