Citigroup $40 Billion losses: Fire CEO Vikram Pandit

This story, dated November 26, 2008 was promoting the ouster of Vikram Pandit, CEO of Citigroup. It said, among other things, that calls for the head of Citi’s CEO are hitting a crescendo. This was November 2008. Things have only gotten worse and he still has his job. I don’t understand. I don’t whether Pandit will ultimately succeed or fail but change is needed. We might need to redefine what the word crescendo means.

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