Citi CEO Vikram Pandit Bails

Damn! We won’t have the Bandit Pandit to kick around anymore! Accorsding to the WSJ report Citi CEO Vikram Pandit abruptly stepped down following a clash with the New York company's board over strategy and operating performance at businesses including its institutional clients group, according to people with knowledge of the bank.,,,, Pandit abruptly stepped down following a clash with the New York company's board over strategy and operating performance at businesses including its institutional clients group, according to people with knowledge of the bank. Mr. Pandit and his top aide, John Havens, Citi's president and chief operating officer, resigned Tuesday. The nation's third-largest bank by assets named Mike Corbat as Mr. Pandit's successor....... Pandit said in an interview with The Wall Street Journal that it was his own decision to depart from the bank. "It was my decision," Mr. Pandit said, not the board's. "I have a profound sense of responsibility and I wouldn't do this unless I thought the company was exactly in the right shape to make this decision."................................................................................................................ http://online.wsj.com/article/SB10000872396390443854204578060280201488530.html?mod=WSJ_hps_LEFTTopStories