pandit
Treasury Postpones Sale of Citi Shares
10:30AM 12/17/2009
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...
Obama to stress test bank executives and their compensation
9:30AM 5/15/2009
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...
Best paid CEOs take home millions, despite market decline
12:00PM 4/06/2009
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's Vikram Pandit needs a new $10 million office
9:00AM 3/19/2009
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...
More Stories
Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.09 | -0.10 -1.16% | 144.54M | |
| 2.19 | +0.25 +12.63% | 92.86M | |
| 29.64 | -2.35 -7.35% | 23.01M | |
| 18.82 | -0.32 -1.65% | 22.24M |
% Gainers
| 32.67 | +8.77 +36.69% | 11.64M | |
| 89.23 | +12.84 +16.81% | 7.21M | |
| 2.19 | +0.25 +12.63% | 92.86M | |
| 10.56 | +1.16 +12.34% | 2.63M |
% Losers
DailyFinance Wire
- 4 Money-Etiquette Questions Answered
- Walmart's New Health Food Push: Is It Too Hard to Swallow?
- Newlyweds, Don't Let the IRS Spoil Your Honeymoon
- Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
- Why Groupon Will Never Be Great Again
- Why Used Car Bargains Are Getting Harder to Find
- 5 Reasons Facebook Stock May Be a Better Buy Than You Think
Newswire
- Bernanke: Weak housing has hurt consumer...
- Turbo-traders take Bank of America for a ride
- Greece caught between protests, austerity...
- Stocks fall sharply as Greek deal is held up
- Trade deficit widens to $48.8 billion in...
- Feds investigate door fires in 2007 Camrys,...
- NYSE Euronext profit down on blocked merger...
- Obama call for manufacturing revival a tough...
- Petrobras Shares Volatile on $225 Billion Development Plan (PBR)
- Morning Movers (CIE, ALU, LNKD, AMRS, XIDE)
- AEP Dividend Growth Still Looks Safe Ahead (AEP)
- Arch Coal Tumbles on Earnings, Forecast (ACI, ANR, PCX, BTU, CNX)
- 2011 Trade Deficit Hits 3-Year High, Over $550 Billion
- Today’s Best Market Rumors (2/10/2012) Apple iPad, Google Entertainment
- Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)
- Morning Wire — US Stock-Index Futures Down Sharply
Follow Us
