Vikram Pandit - Mahony Partners

Oct

2012

Vikram Pandit Exits Citigroup: A Quick Take

Here are four quick observations following Vikram Pandit’s surprise resignation as Citigroup CEO: 1. The bank deserves high marks for projecting a positive and consistent message from what was surely a contentious and tense situation. Abrupt CEO resignations come amid difficult board meetings, harsh words and hard negotiations. But this morning’s news release was solid and on-message, with an emphasis on Citi’s progress under Pandit’... Read More

May

2012

Misreporting CEO Pay

Financial Services, Media

This is the season for tallying CEO compensation, and for shaming those who profited while shareholders suffered. I’m no defender of high CEO pay, but much of the reporting on it is inconsistent at best, and in many cases it’s highly misleading. The problem arises from combining two things that should be separate: pay granted by the board and stock gains taken by the executive. (more…) Read More