Vikram Pandit, the India-born CEO of Citibank (his father live in Navi Mumbai) has recently been in the news for his spectacular turnaround of the bank. Pandit did the unthinkable by transforming the world within Citi. The bank, which had an umbrella as its logo, sold every financial product under the sky, changed tack and decided to focus purely on banking. The core purpose of banks, Pandit had decided, was to help the real economy. His strategy has proved successful, and he has been hailed as bringing about the biggest financial turnaround in the history of banking. How did he do it?
Few people would have considered Pandit a potential candidate as a future CEO when he joined Citi July 2007....
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Few people would have considered Pandit a potential candidate as a future CEO when he joined Citi July 2007....
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