Vikram Pandit speaks at Wharton on current crisis. Charlie Rose | A conversation with Vikram Pandit, CEO of Citigroup. He and his wife, Swati, have two children, Rahul and Maya. Prince had resigned as chairman and CEO of Citigroup in November 2007, due to unexpectedly poor third-quarter performance, mainly due to CDO- and MBS-related losses.

Mr. Pandit serves on the boards of Columbia University and Columbia Business School. However, after adjusting for Citigroup’s sunken share price, the package was worth just a few million dollars. in electrical engineering in 1977. degrees in engineering, and received his Ph.D. in finance from Columbia in 1986. [39][40][41], While CEO of Citigroup in 2007, Vikram S. Pandit earned an annualized compensation of $3,164,320, which included a base salary of $250,000, stocks granted of $2,914,320, and options granted of $0. [1][13][21] In 1990, Vikram Pandit was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had risen to become managing director (MD) and head of its worldwide Institutional securities division. [36], His co-chairing of Davos 2012 was criticized,[37] with Mike Mayo, an analyst with Crédit Agricole in New York remarking: "What kind of signal does that send, that the bank that was the worst-performing in our country over the last decade and whose stock price is still down significantly since he took over, is the ambassador for our financial industry? Il est l’ancien chef de la direction de Citigroup Inc. (société de services financiers multinationale), poste qu’il a occupé de décembre 2007 jusqu’à sa démission en octobre 2012. [9][14][15][16], During his early professional years, he taught economics at Columbia, then had a stint as a professor at Brock University in St. Catharines, Canada. All rights reserved. Vikram Pandit was born in Dhantoli locality of Nagpur, Maharashtra, India, to an affluent Marathi family. In 2012, Citigroup shareholders voted in favor of a non-binding resolution to reject a $15 million pay package for Pandit. [13][14][15], Pandit studied at Bishop Cotton School in Nagpur,[16] and then completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai. [24] Citi bought the company in 2007 for $800 million, bringing both Pandit and Havens into Citi leadership.

and M.S. [1][9][17] In 1990, Vikram Pandit was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had risen to become managing director (MD) and head of its worldwide Institutional securities division. However, after adjusting for Citigroup's sunken share price, the package was worth just a few million dollars. Pandit vikram is the best astrologer in Toronto, Canada. Early life and education. [46] He serves as director of the Institute of International Finance. He is very down to earth person and talks very politely. [40] While Pandit and the company maintain that he resigned, Bloomberg News cited anonymous board sources indicating that Pandit was forced out by the board after eroding investor confidence and damaging company relations with regulators over an extended period. On 11 December 2007, Pandit was named the new CEO of Citigroup, replacing interim-CEO Sir Winfried Bischoff.

He joined Morgan Stanley in 1983 and ultimately rose to the post of President and Chief Operating Officer of the company's institutional securities and investment bank business. ", "Citigroup's Vikram Pandit to Take $1 Salary, No Bonus (Update4) by Elizabeth Hester", "CITI'S PANDIT VOWS TO TAKE $1 SALARY AND NO BONUS", "Vikram Pandit Will FINALLY Be Making More Than $1 Per Year", "For Pandit, $1 This Year, a Big Bump in 2011", "As Citi Revives, Pandit Wins Big Pay Package", "Citigroup gives $23.2m retention award to CEO Vikram Pandit]. His father, Shankar B. Pandit, was an executive director at Sarabhai Chemicals in Baroda.. Pandit studied at Bishop Cotton School in Nagpur, and then completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai. He always has solution for all your problems. On 11 February 2009, Pandit testified to Congress that he had declared to his board of directors, "My salary should be $1 per year with no bonus until we return to profitability.

Ally Abu Dhabi? He enrolled in Columbia University, earning B.S.

[37] The New York Times later identified Chairman Michael E. O'Neill as the driving force behind a months-long secret effort to oust Pandit, which culminated in a surprise ultimatum to Pandit stating that he must resign immediately, resign at the end of the year, or be fired. Purcell.[18][19].
He was instrumental in building Morgan Stanley's electronic trading platform and prime brokerage division and in 2000, ultimately rose to the post of president and chief operating officer of its worldwide operations of the Institutional securities and Investment banking businesses. He is also a member of Kappa Beta Phi.

degrees in engineering, and received his Ph.D. in finance from Columbia in 1986. [31][32][33] After posting five consecutive quarterly profits, Citigroup in May 2011, announced $23.2m retention award to Pandit making him one of the highest paid CEOs. Pandit was strongly supported by then interim chairman of Citigroup Robert Rubin,[22] the effective successor to Chuck Prince.

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