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Tuesday
Oct162012

Citigroup Stock Under Vikram Pandit

Shares of Citigroup (C) are trading down over 3% in the pre-market after CEO Vikram Pandit announced his resignation effective immediately.  The chart below shows the performance of Citigroup's (C) stock under Pandit.  On a reverse split adjusted basis, the stock dropped nearly 90%.  Granted, the stock was in a free-fall when he stepped in, but all in all, Pandit's experience at Citigroup was probably not what he envisioned when he first stepped in.