Has Vikram Pandit Put On Some Pounds?


Felix Salmon thinks so, devoting a post to the supposed weight gain today, in which he draws particular attention to the neck area. Our thoughts on this:
1. Uncalled for.
2. Not even taking into account that the supposed evidence of fat is taken from a most unflattering angle, the fact of the matter is that Pandito has drastically slimmed down since taking over at Citi. So even if he's put on a few lbs over the last few months, he's still way under his starting weight. Practically gaunt, in comparison.

Exhibit A.

Exhibit B.
3. Salmon argues that Citi is bad for Pandit, 'cause it's making him fat. Guess what? We LIKE our Pandit fat. People don't wait in line for hours to Tickle an anorexic Vickle. They shell out expecting a jolly elfin' smile and a bouncy belly. So help me, I don't care if we have to tie him down and shove Twinkie shakes down his throat, they're gonna get it.


Former Citigroup Chairman Surprised/Not Surprised By Vikram Pandit's Departure, Has Some Vino To Sell You

According to Dick Parsons, who stepped down as chairman of Citi in March because Mike Mayo told him to, last week's news that Pandit had left the building for good was "somewhat" surprising, while at the same time, sort of expected, because whipping morbidly obese companies into shape just really isn't Vikram's thing. “You need seasoned, honed managers who can cause a 250,000, 300,000-personnel organization to march” with direction, Parsons said in a weekend interview at his Tuscan vineyard in Montalcino, Italy. “Vikram will tell you, ‘That’s not my bag.’” Pandit, 55, produced “every good idea that we had” to prevent Citigroup’s collapse during the financial crisis, Parsons said. New CEO Michael Corbat, 52, who previously ran the Citi Holdings unit, is well-equipped to lead the firm as it cuts costs and sells unwanted assets, the ex-chairman said. “Mike Corbat, who I knew back in the day when he ran the Holdings operation, is just that kind of man,” said Parsons, 64, adding that he was “somewhat” surprised by the timing of Pandit’s exit. “The transition and change was, in the long term, not inevitable but appropriate.” Anyway, who wants wine? Parsons, visiting his Il Palazzone vineyard to inaugurate a cellar, said regulatory pressures will still be a challenge for the new management team. “Externally, it’s still going to be tough,” said Parsons, sipping a glass of his 2004 Brunello Riserva as he sat outside a stone house set on an ancient trail from Frankfurt to Rome. “To some extent, the regulatory/political community is still almost at war with the big banks.” Nelson Rockefeller introduced Parsons to fine wines. He plans to turn the hobby into a profitable business by doubling production of red wines that retail in the U.S. for as much as $130 a bottle. Parsons Sipping Red Wine Calls Pandit Exit ‘Appropriate’ [Bloomberg] Earlier: Vikram Pandit And Citigroup Not Yet On Same Page Re: Who Dumped Whom; Zen Gardens That Never Were: Vikram Pandit Doesn’t Have To Put Up With This Shit Anymore