The Securities and Exchange Commission has launched a probe into the messy departure of Vikram Pandit as chief executive of Citigroup and whether the board of directors of the big bank properly disclosed his ouster, the FOX Business Network has learned. One person familiar with the matter says the SEC’s inquiry is informal and has not reached the level of a full-blown investigation. But it is a sign the SEC is clearly interested in the circumstances surrounding Pandit’s official “resignation” from the big bank. Those details have been in dispute since the October 16 announcement. Both Pandit and Citigroup chairman Michael O’Neill have said in interviews and during conference calls with analysts that the decision was Pandit’s to leave the firm. [FBN, earlier]

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  1. Posted by 10xLevered | October 23, 2012 at 7:18 PM

    Rumors are circulating that John Havens ripped his shirt off and, salivating, implored Chairman O'Neill to hit him. Pandit reportedly chimed in that O'Neill "didn't have the nads."

  2. Posted by Guest | October 24, 2012 at 9:56 AM

    Surprised they're competent enough to use a phone.

  3. Posted by rüya yorumları | January 7, 2013 at 3:02 PM

    lol… even you have millions you have to use a simple phone