Amazed!

2 Comments

    • Discouraging Signs from Citi's Pandit [view article]
      I disagree with the writers premise. Pandit claims that Citi has a great footprint, not great management or an efficient cost structure. He is clearly taking major steps to change the management and to better align the cost structure.

      Also, this isn't the second cost cutting program in a year, it is the first real cost cutting program in ten years - since the merger.

      Pandit is making the right moves. They are based on a keen analytical mind, not friends, the media or any other "fluffy" basis.

      Take a look back in 18 months and see if your "discouraging signs" holds up.       Apr 25 10:08 PM
    • Should Alan Schwartz Be Citigroup's Next CEO? [view article]
      This is a truly an amazing piece of writing.

      First, Bear Stearns was never that successful under Schwartz in the best of times and he managed to destroy the company in the worst of times.

      Second, Vik Pandit may not be flashy and a great interview for CNBC but his early actions seem to be all the right moves. Give him 18 months and he is going to be hailed as a brilliant CEO who was the right man for the right time at Citi.

      Expect Citi stock to be up about 25% over Pandits first year on the job.       Apr 25 09:59 PM
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