Thursday, December 13, 2007

Why you rather that Mr. Pandit be CEO of Citigroup ?

Why would anyone want to be CEO of Citigroup at this stage ? All Mr. Pandit, who recently accepted this uneviable job, has to look forward to is:

1. Selling off businesses making a once revered corporate behemoth a smaller and probably a bank similar to many others
2. Reducing headcount in huge numbers increasing hardship to countless families around the world
3. People within the organization looking for every opportuntity to bring him down
4. Very little chance that anyone would remember his legacy after all the chopping !

Gievn all this, aren't you thankful it is Mr. Pandit rather than you who has the responsibility of trimming Citi ?

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