December 12, 2007
Citigroup: Pandit new CEO, Bischoff new chairman
Citigroup Names Pandit CEO to Clean Up Subprime Mess
Dec. 11 (Bloomberg) - Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer, ending a monthlong search after Charles O. Prince stepped down amid at least $9 billion of mortgage losses. [more]
Former U.S. Treasury chief Robert Rubin engineered the change.
Posted by Holden Oliver (Kitzbühel Desk) at December 12, 2007 10:13 PM