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More on the Pandit resignation: "Mr. Pandit has told colleagues that he intends to stay for...

More on the Pandit resignation: "Mr. Pandit has told colleagues that he intends to stay for several years," reads a WSJ story from two months ago on Citigroup's (C) succession planning. The company managed to put out yesterday's earnings release and conference call (led by Pandit) without hint of what it knew was in the works. Why again is this a company worth owning? Shares -2.8% premarket.
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Comments (3)
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    "Why again is this a company worth owning? Shares -2.8%..."

     

    At some point we are going to have to bust up the too-bigs.

     

    Maybe after Kahlid Sheik Mohamed is tried.

     

    The wheels of justice...
    16 Oct 2012, 08:49 AM Reply Like
  • zubikov
    , contributor
    Comments (99) | Send Message
     
    Why did he resign? Can anyone please shed some light. All news sources are simply saying Pandit & COO resigned.
    16 Oct 2012, 08:56 AM Reply Like
  • abhimisra1
    , contributor
    Comment (1) | Send Message
     
    This is very disconcerting and nothing of this was mentioned on the earnings call yesterday! Where is the Board of Directors? President and COO also gone!
    16 Oct 2012, 09:25 AM Reply Like
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