Pandit

It looks like Citigroup (C) won't be rid of government ownership as quickly as it hoped. The Treasury Department has postponed its planned sale of up to $5 billion in Citi stock after Wall Street gave the plan a cool reception. Investors were willing to pay only $3.15 per share, 10 cents less than...

Andrew Hall is Citigroup's (C) $100 million man, but it's looking like the fat pay package he receives as head of its Phibro energy trading unit is making Citi CEO Vikram Pandit uncomfortable. Pandit's discomfort means that Citi will likely restructure Hall's business to stop questions that irk...

In the fall of 2005, with Citigroup (C) shares trading around $45, hedge fund manager Tom Brown wrote a missive on his website, BankStocks.com, urging the break-up of the company that invented the financial services supermarket. Now, with shares down more than 90 percent, new board members with...

The FDIC has decided to try to oust Citigroup (C) top management, something that the Treasury, the Fed, and the Citi board have elected not to do. Some think Citi CEO Vikram Pandit has not been at the bank long enough to be blamed for most of its problems. Others do not want to disrupt the...

The American system of corporate governance is deeply flawed. The theory is that a company's board of directors should keep an eye on management on behalf of shareholders. If the management boosts the value of the firm, directors reward management. If the company gets in trouble, the board...

Even though stock prices have plummeted and staff cuts are prevalent, the 10 best paid CEOs still took home millions in compensation in 2008, predominantly in stock options and grants, according to an analysis by CNNMoney.com. The top earner was Sanjay Jha, CEO of Motorola (MOT), who took home a...

Citigroup Inc. (C) Chief Executive Vikram Pandit blew it again. According to Bloomberg News, the beleaguered bank plans to "spend about $10 million on new offices for Pandit and his lieutenants after the U.S. government injected $45 billion of cash into the bank." You read that right. This is the...