1. At Citi, Pandit is Gone but Still Serving the Bank's Shareholders

    At Citi, Pandit is Gone but Still Serving the Bank's Shareholders

    Michael L. Corbat is approaching his first anniversary as chief executive of Citigroup. The bank’s chairman, Michael E. O’Neill, installed him after organizing a putsch to oust Vikram Pandit as C.E.O. The new boss has accelerated some cost cuts and clarified strategy around the edges, but the broad direction is still Mr. Pandit’s. Either way, it is serving shareholders well...

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