Is Vikram Pandit’s future in question? The scenario seems highly probable. According to FT- senior officials at the FDIC have privately discussed who might replace Citigroup’s chief executive if the bank needed more government aid.
From FT: “It is unthinkable that Vikram could stay on if Citi requires more federal funds,” said a person familiar with the matter. “It is prudent to be thinking about different scenarios.”
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People close to the situation said FDIC officials had discussed successors to Mr Pandit…
Mr Pandit became chief executive in December 2007. Possible replacement, notes FT – include Ned Kelly, finance chief, Gary Crittenden, his predecessor and chairman of the division containing Citi’s non-core assets, and one of Citi’s new board members.
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