Description:  Vikram Pandit’s last day at Citigroup swung from celebratory to devastating in a matter of minutes. Having fielded congratulatory e-mails about the earnings report in the morning that suggested the bank was finally on more solid ground, Mr. Pandit strode into the office of the chairman at day’s end on Oct. 15 for what he considered just another of their frequent meetings on his calendar.

Source: NYTimes.com

Date: Oct 25, 2012

Link:  http://www.nytimes.com/2012/10/26/business/citi-chairman-is-said-to-have-planned-pandits-exit-for-months.html?ref=business

Questions for Discussions:

• What does this report say about the management at Citi?
• What are your thoughts on the way Pandit was treated?
• How do you think this episode will affect the stock?