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Vikram Pandit - CNBC

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  • Pandit Tells Maria He Decided It's 'Right Time'  Tuesday, 16 Oct 2012 | 12:52 PM ET

    CNBC's Maria Bartiromo recounts a telephone interview she just concluded with outgoing Citigroup CEO Vikram Pandit. Contrary to reports he had been ousted by Citi's board, Pandit told Maria he made the decision because he felt it was the "right time" to go. Maria says she believes the exit was prompted by a compensation dispute.

  • Wilbur Ross on Financials, Energy  Tuesday, 16 Oct 2012 | 12:45 PM ET

    Wilbur Ross, WL Ross & Co., offers his take on the financials in light of Vikram Pandit's departure at Citigroup. He also shares thoughts on energy.

  • FMHR Top Three Trades  Tuesday, 16 Oct 2012 | 12:41 PM ET

    The FMHR traders reveal their top three trades. And Wilbur Ross, WL Ross & Co., weighs in on Vikram Pandit's exit from Citigroup.

  • Why I’m Buying Citi After Pandit’s Exit: Weiss Tuesday, 16 Oct 2012 | 12:24 PM ET

    A change in Citigroup leadership provided the all-clear signal for investors, Stephen Weiss of Short Hills Capital said Tuesday on CNBC.

  • Wien: Pandit 'Competent Person'  Tuesday, 16 Oct 2012 | 12:15 PM ET

    Byron Wien, Blackstone Advisory Partners, says Vikram took Citigroup from the brink and brought it back. "He's a very competent person; I don't know what happened here," he said.

  • Michael Corbat's Memo to Citi Tuesday, 16 Oct 2012 | 12:13 PM ET

    Michael Corbat's memo to Citi.

  • Why I Bought Citi on Pandit Exit: Weiss  Tuesday, 16 Oct 2012 | 12:00 PM ET

    Stephen Weiss, Short Hills Capital Partners, explains why he bought Citi on news that Vikram Pandit was stepping down as CEO. Gerard Cassidy, RBC Capital, and Timothy Ghrisky, Solaris Asset Management, also weigh in.

  • Pandit's Farewell Memo to Citigroup Employees Tuesday, 16 Oct 2012 | 11:48 AM ET
    Vikram Pandit

    The following is a memo sent to Citigroup employees by departing CEO Vikram Pandit.

  • Key moments in Pandit's tenure as CEO of Citigroup Tuesday, 16 Oct 2012 | 11:48 AM ET

    Vikram Pandit stepped down Tuesday as CEO of Citigroup. _ April 2007: Old Lane hedge fund, which Pandit formed a year earlier, is acquired by Citi for $800 million. _ September 2008: Citi announces it will buy the struggling bank Wachovia at the height of the financial crisis.

  • Pandit Resignation Was His Decision: Source  Tuesday, 16 Oct 2012 | 11:40 AM ET

    "Changes at the top always involve risk," said David Trone, JMP Securities, weighing in on the impact of Pandit's departure on the company's stock.

  • Pandit Out, Citi Stock Up  Tuesday, 16 Oct 2012 | 11:35 AM ET

    Reviewing Citi's stock after the announcement of Pandit's departure, with CNBC's Gary Kaminsky, and a look at Citi's new CEO, Michael Corbat, with CNBC's Michelle Caruso-Cabrera. Also, CNBC's Bob Pisani with an update on Citi's compensation plan.

  • Battery Maker A123 Files For Bankruptcy Protection  Tuesday, 16 Oct 2012 | 11:33 AM ET

    CNBC's Philj LeBeau reports the bankruptcy filing comes after the company was unable to make a $2.8 million interest payment.

  • Stocks higher on 3Q profits; Mattel jumps Tuesday, 16 Oct 2012 | 11:26 AM ET

    Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.

  • How All-Time High CPI Impacts Your Money  Tuesday, 16 Oct 2012 | 11:23 AM ET

    CNBC's Rick Santelli, talks with Peter Boockvar, Miller Tabak about the sudden departure of Citi's Pandit, and the impact of the high cost of living on the economy.

  • Pandit's Exit 'Smacks of a Coup': Author  Tuesday, 16 Oct 2012 | 11:18 AM ET

    Bethany McLean, Vanity Fair contributing editor, discusses the quick departure of Vikram Pandit and why it doesn't add up.

  • Corbat is the Right Replacement: Analyst  Tuesday, 16 Oct 2012 | 11:10 AM ET

    Jeffery Harte, Sandler O'Neill principal, discuss the quick departure of Citi's CEO, and why he believe Michael Corbat is a good fit to replace Vikram Pandit.

  • Bartiromo: What Drove Pandit Out at Citi  Tuesday, 16 Oct 2012 | 11:01 AM ET

    CNBC's Maria Bartiromo and Gary Kaminsky discuss some of the reasons for the departure of Citi's CEO, Vikram Pandit. "There is a feeling from some shareholders that he did not get a vote of confidence from some investors on his salary," says Bartiromo.

  • Pandit 'Accidental CEO': Former Citi Shareholder  Tuesday, 16 Oct 2012 | 10:43 AM ET

    Charles Bobrinskoy, Ariel Investments vice chairman, explains why he sold his Citi holdings, and discusses the potential risks ahead for the financial sectors.

  • Wall Street’s Boardroom Bloodletting Tuesday, 16 Oct 2012 | 10:35 AM ET
    Vikram Pandit

    The most dangerous job on Wall Street is looking like the corner office. CEOs and CFOs are getting their jobs whacked faster than the post-Lufthansa heist crew in the movie Goodfellas.

  • 'This Comes As a Big Surprise': GS Board Member  Tuesday, 16 Oct 2012 | 10:34 AM ET

    William George, Harvard Business School professor, discusses the "normal" succession strategies of corporate leaders and why he was "surprised" by Vikram Pandit's sudden departure from Citigroup.