Vikram Pandit

“Bon appétit,” says Pandit, as he slices into a beetroot and continues to extol the virtues of something he calls the “SMAC stack”. I tell him this sounds awful but, he assures me, “it’s the vernacular for the ease for which you can get into business today,” and it stands for “Social media, Mobility, Applications and Cloud. “Data is like . . . You’re too young, but there was a movie with the [line about] plastics.” When I assure him I’m familiar with The Graduate, he says: “Data is this generation’s plastics. I don’t see business models being truly successful until you get it.” [FT]

  • 01 May 2014 at 2:52 PM

Vikram Pandit Available For All Your Hiring Needs

Vikram Pandit, the former chief executive of Citigroup, has become chairman of TGG Group, a consulting company co-founded by Steven Levitt, who co-wrote the pop economics book Freakonomics. Promising to harness two popular themes – behavioural economics and “big data” – TGG, short for The Greatest Good, pitches itself to companies as a way to “improve performance, better serve customers, hire and retain the best talent and reduce cost”. [FT]

  • 26 Feb 2014 at 5:37 PM
  • Banks

Citigroup Plot To Seize The U.S. Government Is Sort Of Paying Off

During their very, very short times at the helm of the nation’s most boring bank, Robert Rubin and Vikram Pandit apparently devised and implemented a brilliant and nefarious plan to seize the levers of power in Washington. Read more »

Whether it’s a rate-rigging scandal, a “culture” problem, or just a bunch of clowns dicking around on IM and ruining it for the whole group, Uncle Vik is here to help. Read more »

As those of you who’ve been with Citigroup since at least 2007 know, analyst Mike Mayo has never really had any very nice things to say about the bank. If you haven’t committed all of his comments and research reports to memory, or had them printed and stored for posterity in leather-bound books, a brief history of Mayo’s relationship with the institution include:

Sure, Mayo was pretty pleased when the board threw his arch-nemesis, Vikram Pandit, out in the middle of the night, and even said he was going to give the bank a chance to prove itself to him under the new leadership of CEO Mike Corbat. But nobody actually thought he’d start having good thing to say about the place, which is why the Mayo Jar is as shocked as you to be offering this: Read more »

Citigroup is oh-so-very-close to being out of the business it once spent $800 million to win the services of a certain V. Pandit to lead. And if the terms of these most recent fire sales are anything like those of previous alternative-investment fire sales at the House of Corbat, it is no wonder that they are not being disclosed. Read more »

  • 16 May 2013 at 5:20 PM

Vikram Pandit Returns!

Kind of! Read more »

  • 08 Feb 2013 at 4:08 PM

You Haven’t Seen The Last Of Vikram Pandit

Perhaps, you thought, that the day Vikram Pandit was abruptly and unceremoniously fired from Citigroup was the end. That we’d lost him for good. That he’d retreat to the his Upper West Side manse and spend his days beefing up his Odd Couple memorabilia collection, or work on that novel about a love that dare not speak its name between a bank CEO and the analyst who only acted like she hated him, or build that Zen garden he’d always wanted that the fucks at Citi never let him have. That he was finished with Wall Street. Well fret not. Uncle Vik wouldn’t never do that to you. Read more »