Struggling Citigroup’s new CEO Vikram Pandit has taken out his begging bowl to shore up the bank’s shaky financial foundation, going by today’s front page story in the Wall Street Journal (subscription required). The Journal piece suggests that Citi is looking to raise up to $10 billion and that Vikram Pandit is looking to the Middle […]
Time magazine has named Russian President Vladimir Putin its Person of the Year for 2007. Good choice, indeed. Like Professor Samuel Huntington, we believe without order there can be no civil society. After the chaos of the Gorbachev and Yeltsin eras, Putin has ushered in order, stability and prosperity (helped by high oil prices) for […]
Struggling financial services conglomerate Citigroup named Vikram Pandit, 50, as its new CEO and board member effective immediately. Vikram Pandit, who hails from Nagpur in India, was most recently Chief Executive Officer of Citigroup’s Institutional Clients Group, which comprises Citi Markets & Banking and Citi Alternative Investments. For his new job as Citi CEO, Vikram […]
Vikram Pandit is the favorite to be named as CEO of struggling financial giant Citigroup. Reporting that Citigroup would name a CEO soon, the Wall Street Journal (subscription required) said in its Saturday edition: The front-runner is Vikram Pandit, who currently oversees Citigroup’s investment bank and alternative-investments businesses, the people said. That would fill the […]
They say that even the rats desert a sinking ship. While Padmasree Warrior is certainly no rat, this shrewd corporate warrior has abandoned the sinking Motorola and sought refuge in the safe harbor of networking leader Cisco. Padmasree is joining Cisco as CTO, the same position she held at struggling Motorola where she was responsible for […]
Over its 25-year history, Sun Microsystems has seen many talented executives come and go. Among them founder Vinod Khosla and long time CEO Scott McNealy (now Chairman). But one executive seems to have been at Sun forever even as the company’s prospects soared during the dot com days, faded subsequently and then painfully stabilized. And […]