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Source: www.forbes.com --- 26 days ago
Citi spent millions on Old Lane Partners just to get Vikram Pandit. Now it's costing them more. ... Source: dealbook.blogs.nytimes.com --- 27 days ago
Citigroup’s chief executive, Vikram Pandit, on Tuesday called for a “vigorous” debate on regulatory oversight as the crisis in the financial services industry continues, Dow Jones Newswires reported. Speaking at the British Bankers’ Associations’ annual conference, Mr. Pandit said three principles ought to be part of the debate: transparency, equal standards and defining what constitutes a [...] ... Source: www.nytimes.com --- 26 days ago
Old Lane Partners, co-founded by Citigroup’s chief executive, Vikram Pandit, will be closed 11 months after it was acquired by Citigroup for more than $800 million. ... Source: economictimes.indiatimes.com --- 26 days ago
Pandit received $165.2 mn for the sale of Old Lane, $100 million of which he invested, back into Old Lane, according to regulatory filings. All Headlines | Day in Pics ... Source: www.marketwatch.com --- 26 days ago
Lehman Bros. announced a top-level management shakeup, and Citigroup moved to shutter a hedge fund that it owns and was co-founded by now-CEO Vikram Pandit. A roundup of financial and mortgage-related news from MarketWatch and elsewhere. ... Source: networks.feedburner.com --- 2 days ago
5 days passed since Pandit Hariji’s 70th birthday. Living in Pondicherry in South India, it was not possible for me to attend the grand function in Mumbai (24hrs travel by train from my place) for Hariji’s bday. I hoped for some fans of Harji who have been to the function to upload the perforamance [...] ... Source: blogs.wsj.com --- 11 days ago
Vikram Pandit, the CEO of Citigroup, is respected on Wall Street for his intellect and well-known for his intense competitive drive. Today, he wrote a long, very diplomatically worded Op-Ed in the Wall Street Journal. It is so diplomatically worded, in fact, that the casual reader may have some trouble cracking the code. Deal Journal [...] ... Source: online.wsj.com --- 27 days ago
Citigroup is closing Old Lane Partners, a hedge fund co-founded by CEO Pandit that the firm bought for over $800 million less than a year ago. Old Lane's demise is the latest embarrassment for banks that operate hedge funds or have bought stakes in them. ... Source: online.wsj.com --- 26 days ago
The Wall Street Journal's What's News ... Source: entertainment.oneindia.in --- 28 days ago
Yash Pandit is set to enter Kyunki Saas Bhi Kabhi Bahu Thi as Lakshya earlier essayed by Pulkit Samrat. Lakshya was shown going away to the United States in order to avoid facing KT (Mouni Roy) for whom he nurtured deep affection. ... Source: www.independent.co.uk --- 36 days ago
The tremors from the credit crunch continue to hit companies listed on the Alternative Investment Market. The latest group to feel the after-shocks is a company that was fêted last year as the top international group on AIM. Leadcom Integrated Solutions suffered last week as a Citigroup-backed hedge fund walked away from providing a $15m (£7.6m) cash injection after two months of talks, blaming the state of the market. ...
Source: www.moreover.com --- 15 days ago
Economictimes Jun 23 2008 8:54PM GMT ... Source: nowrunning.com --- 6 days ago
Amitabh Bachchan, Jaya Bachchan and Internationally renowned flutist Pandit Hariprasad Chaurasia pose after the book release on his 70th birthday at Nehru Centre in Mumbai. The book is titled Woodwinds of Changes and the author is Surjit Singh. Amitabh Bachchan unveiled the book. ... Source: www.moreover.com --- 25 days ago
HedgeFund.net Jun 13 2008 11:36PM GMT ... Source: www.portfolio.com --- 8 days ago
Yesterday, going on the strength of a WSJ op-ed , I wondered whether Vikram Pandit was actually a robot. Turns out that yes, he is. Bess Levin has an email he's sent out to every single Citi employee: You may have heard me say that to transform Citi and to excel we'll need to have the right Strategy, Structure, and Talent. We have these. Now it's time to address our fourth and most important element -- our Culture. The really scary thing is that Pandit is clearly such an autocrat that absolutely no one in his office felt comfortable telling him, before this was sent out, how utterly vapid it sounds, and that hundreds of thousands of employees would be spit-taking coffee all over their keyboards this morning. Pandit also has what might be diagnosed as unrealistic expectations: As part of the greatest turnaround story of our age, we have the opportunity to transform Citi into something more than just the best financial institution in the world. We can make Citi the best company in the world, bar none. Tell you what, Vikram. Why don't you start by trying to make Citi the best company in its own building . Then you can move on maybe to the entire city block. By the time you're replaced, you could even be the best company in a one-block radius! Actually, never mind that: it's not going to happen, considering that across the street is the Seagram Building. More generally, don't set goals you have no hope of meeting. They only serve to d ...
Source: www.portfolio.com --- 8 days ago
I'll leave to others commentary on any substantive points which may or may not have been made in Vikram Pandit's WSJ op-ed on Friday; I'm more interested in his use of language. Here's his first and last paragraphs: If there is any consolation in the latest credit crisis it is the vigorous global debate now unfolding on regulatory reform. Regulators and market participants see an opportunity to reassess, and to get organized around guiding principles that can help financial institutions and financial markets handle the mounting complexities of global trends in business, markets and the economy. In order to realize all the possibilities in the global trends reshaping our world and our financial systems, we welcome a more robust regulatory architecture that embraces standards broad and clear enough to apply to all participants, but is flexible enough to be adaptable to unforeseeable changes in a dynamic market. Yes, that final paragraph is one 51-word sentence. And more generally this stuff is just impossible to read. Not all clear thinkers are clear writers, but a strong leader of a global institution must be able to communicate his ideas clearly and effectively. What we can see in this op-ed is a major hole in Pandit's skillset. Those two paragraphs alone are full of cliché and pablum: even management gurus tend to shy away from talking about something as meaningless as "the mounting complexities of global trends in business". If ... Source: www.financialweek.com --- 25 days ago
... Source: dealbreaker.com --- 34 days ago
Nearly one month ago , Citi CEO Vikram Pandit announced his genius plan for making things work at the big C . And the plan was: a new motto. And the new motto was: Citi Never Sleeps. Obviously there were some naysayers out there, who scoffed at the idea that changing the company's slogan from the Blue Collar Comedy-inspired "Let's Get It Done" to one touting the fact that its employees are hopped up on amphetamines was going to do jack (except for maybe piss off Larry the Cable Guy ). But we were not among them. We whole-heartedly supported the initiative, and any others that would serve to make Vikram Pandit smile . So, the sight of the following, really chafes: ... Find more search results for Pandit on RSSMicro.com |
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Felix Salmon submits: I'll leave to others commentary on any substantive points which may or may not have been made in Vikram Pandit's WSJ op-ed on Friday; I'm more interested in his use of language. Here's his first and last paragraphs: If there is any consolation in the latest credit crisis it is the vigorous global debate now unfolding on regulatory reform. Regulators and market participants see an opportunity to reassess, and to get organized around guiding principles that can help financial institutions and financial markets handle the mounting complexities of global trends in business, markets and the economy. In order to realize all the possibilities in the global trends reshaping our world and our financial systems, we welcome a more robust regulatory architecture that embraces standards broad and clear enough to apply to all participants, but is flexible enough to be adaptable to unforeseeable changes in a dynamic market. Complete Story » ...
Things are getting serious at Citigroup. Just check out how the WSJ's reporting has changed from last week , when Citi was merely closing consumer credit outlets in Japan, to this week , when Citi is closing the Old Lane hedge funds it bought from Vikram Pandit. In fact, you don't even need to look at the reporting. You just need to look at the dot portraits. Update : A wag writes: "It must be due to a lack of sleep ." Related Links Knives Out at Citi Phibro: Beneficiary of Citi's Benign Neglect Citi's New Chief ...