Citi's Pandit Skewered

Remember the stupid email with which Vikram Pandit spammed all his customers? Antony Currie has now published a pitch-perfect parody over at BreakingViews, while even getting some serious analysis in at the same time:

I have also created some new roles, like head of talent and head of innovation. Now, I know what you're thinking: how on earth does that make it easier for me to move cash around, set up a local account if I move abroad, or just get my checks cleared more quickly? Well, it won't - American banks just aren't good at that stuff. But don't those titles sound cool?

And hey, we're Citi! We're too big to fail! So stick with us. We need you. Seriously.

It's becoming almost too easy to pile on to Pandit these days. I'd put him on deathwatch, if it wasn't for the fact that neither Citi's directors nor its shareholders have any appetite for yet another reshuffling of the C-suite.

Comments

[brij srivas...:]

Pandit in india are priests i.e. high class brahmins who are well versed to perform all the necessary hindoo rites, incl.the last rites.

2008 May 18 07:45 AM

[citivet:]

Dear Mr. salmon,
Will you kinkdy publish something of value and not this rediculous entertainment....you really should be taken off alpha.

ChumpforCiti

2008 May 18 08:46 AM

[jjason:]

This article is a waste of time to read.

2008 May 19 02:24 PM

[arkay:]

Felix,

I don't know what you have with this guy Pandit that makes you two consecutive articles about a non-trivial issue and that about an email.

While I dont give a rat-ass as about any email that I receive from customer service time-to-time, I would appreciate an email communication that comes from CEO of the company. Beyond that I dont over analyze anything else.

So instead of wasting your time and energy on stupid email analysis, why dont you contribute on something more tangible that could help us understand the market / make trades

2008 May 20 09:36 PM