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Citi's Pandit Skewered

by: Felix Salmon May 17, 2008 | about stocks: C    
Felix Salmon

Felix Salmon

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Remember the stupid email with which Vikram Pandit spammed all his customers? Antony Currie has now published a pitch-perfect parody over at BreakingViews, while even getting some serious analysis in at the same time:

I have also created some new roles, like head of talent and head of innovation. Now, I know what you're thinking: how on earth does that make it easier for me to move cash around, set up a local account if I move abroad, or just get my checks cleared more quickly? Well, it won't - American banks just aren't good at that stuff. But don't those titles sound cool?

And hey, we're Citi! We're too big to fail! So stick with us. We need you. Seriously.

It's becoming almost too easy to pile on to Pandit these days. I'd put him on deathwatch, if it wasn't for the fact that neither Citi's directors nor its shareholders have any appetite for yet another reshuffling of the C-suite.

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This article has 4 comments:

  •  
    May 18 07:45 AM
    Pandit in india are priests i.e. high class brahmins who are well versed to perform all the necessary hindoo rites, incl.the last rites.
    Reply
  •  
    May 18 08:46 AM
    Dear Mr. salmon,
    Will you kinkdy publish something of value and not this rediculous entertainment....you really should be taken off alpha.

    ChumpforCiti
    Reply
  •  
    May 19 02:24 PM
    This article is a waste of time to read.
    Reply
  •  
    May 20 09:36 PM
    Felix,

    I don't know what you have with this guy Pandit that makes you two consecutive articles about a non-trivial issue and that about an email.

    While I dont give a rat-ass as about any email that I receive from customer service time-to-time, I would appreciate an email communication that comes from CEO of the company. Beyond that I dont over analyze anything else.

    So instead of wasting your time and energy on stupid email analysis, why dont you contribute on something more tangible that could help us understand the market / make trades
    Reply
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