pandit

Even before the Dodd-Frank bill was passed, Pandit was closing down some of Citi's proprietary businesses and trying to sell others.

In one of the rooms a Pandit was reciting some Sanskrit verses of his own composition and explaining them in Bengali to the audience.

Mr Pandit professes not to be concerned by the prospect of going down in history as Citi's last chief executive.

On Wednesday, Pandit reminded the audience that Citigroup has among the smallest mortgage portfolios of any major U. S. bank.

an old pandit exile, who had been such a close friend of Mr Peer's father that she greets the young man as a lost son.

However, they added that his sudden move was also because he did not feel part of the inner circle of executives around Mr Pandit.

Mr Pandit said the savings the technology offered would be more pronounced in commercial vehicles that had high mileage rates.

For his part, Pandit said he recognizes protesters' frustration with high unemployment, huge government debts, and a slowing economy.

One day he took it into his head to show my translation of Macbeth to Pandit Vidyasagar and took me over to his house.

As recently as November, Mr Pandit heaped praise on the broker and said he did not want to sell it.

Federal officials have discussed possible replacements for Mr. Pandit and his deputies, according to people familiar with the matter.

The matter was, however, in hand and your consignment was shipped yesterday on board SS Pandit which is sailing directly to London.

As the Pandit was proceeding to expound this Bankim Babu, covering his face with his hands, hurried out of the room.

Still, not every investor was as gung-ho on the decision to let Pandit keep his job.

Mr. Pandit has said he will accept $1 in base pay until the company returns to profitability.

Mr. Pandit himself comes from an investment-banking background, but most of the bank's current problems stem from troubled consumer loans.

A year ago, Citi was reeling and its boss, Vikram Pandit, was seen as Wall Street's most vulnerable leader.

Mr Pandit tapped out his e-mail a fortnight ago and sent it to all holders of Citi credit cards.

Dozens of new managers have been brought in, some of them old colleagues of Mr Pandit's from his days at Morgan Stanley.

Mr Pandit's closest lieutenants have all come from Morgan Stanley, his own former employer, or other outside companies.

Mr. Pandit and his allies argue he isn't to blame for Citigroup's mess and that he has taken major steps to stabilize the company.

Mr. Pandit said the proposals would affect 'countless' people who would find it difficult to repay their bonuses.

Pandit revealed the massive job and cost cuts in a 25-page Powerpoint presentation posted on the bank's website.

He is the only Prime Minister since Pandit Jawaharlal Nehru to have become Prime Minister of India with two successive mandates.

Citi declined to comment yesterday but Mr Pandit has argued that Citi's model is not broken and its recent problems can be overcome.

Wednesday's talk was the latest in a string of interviews Pandit has given over the past few weeks as Citi's stock thrashes about.

Current CEO Vikram Pandit has rejected the idea, believing the company should come through the credit crisis in one piece.

The bank eventually tapped Vikram Pandit, an investment banker who had joined Citi just five months earlier.

It was Pandit Ramsarvaswa's duty to see to the progress of our Sanskrit.

So does this signal a new coming-out on the global stage for the Indian-born Pandit?

Mr. Pandit, Mr. O'Neill, Mr. Havens and Mr. Corbat did not return calls for comment or declined to comment.

The suit names Vikram Pandit, the group's current chief executive, and Chuck Prince, his predecessor, among the defendants.

I am told that, after Mr Pandit was appointed, Mr Parsons had lunch with him as Citi's lead non-executive director.

Mr. Pandit now finds himself under intense pressure to take major steps to stabilize the company.

However, Mr Pandit has told senior colleagues he wants a new system in place by the end of the year, when annual bonuses are decided.

Citigroup, notes its Indian-born boss, Vikram Pandit, "is going back to the core model of what we had as a global bank" .

Citi had already lowered the total compensation of Chief Executive Vikram Pandit to $1.

Mr Pandit, a former quant, is returning Citi to its roots in corporate services and international retail banking.

The bank has reported $20. 3 billion in net losses, and taken more than $64 billion in credit losses and writedowns since Pandit took over.

With Messrs Pandit and Hornsby, bosses at many other firms have been cutting hundreds of thousands of jobs.

When asked to point out Mr Pandit's most visible attributes, friends and foes point to his sharp mind and calm, professorial manner.

How can it have taken so long for Pandit and his board to acknowledge Citi's straits and act on it?

There are sharply divided opinions about Mr Pandit among those who worked with him during his 22 years at Morgan Stanley.

One executive who recently met with Mr. Pandit and Mr. Corbat said the executives gave no hint that a shake-up was imminent.

But since then Mr Pandit has moved several former Morgan Stanley colleagues to key roles in an effort to restore Citi's fortunes.

Pandit said deposit flows were "relatively stable, " and that investment banking was performing well.

As Pandit spoke, in fact, some Twitter messages said protesters planned to march to his Manhattan apartment.

Other federal agencies aren't as concerned, contending that it is too soon to give up on Mr. Pandit and his lieutenants.

To untangle the company, Mr. Pandit has split Citigroup in half.

This was the time when Pandit Sashadhar rose into prominence.

But Vikram Pandit, who rarely discusses such cross-border, hot-button issues in public, did just that on Thursday in New York.

Two hours later, enough of the details were worked out that Mr. Pandit briefed Citigroup's board on the plans.

In November, Vikram Pandit, Citi's chief executive, declared his "love" for Smith Barney, Citi's stockbroking arm.

A draft of the rule was leaked last week and Pandit said Citi's army of legal minds was still parsing it.

Trade wars, currency manipulation and asset price inflation in China are part of a vocabulary that departs from Pandit's usual scripts.

But the big question hanging over Mr. Pandit is whether he should take a meat cleaver to the Citigroup empire.

Despite Pandit's efforts to remake Citi's culture, the firm remains heavily involved in trading of various kinds.

This "healthy shrinkage" will continue as quickly as is economically rational, says Mr Pandit.

For example, Pandit says new capital requirements would simply encourage unregulated parts of the system to flourish.

"We believe we are poised to meet and exceed anticipated regulatory requirements, " Pandit wrote in the memo.

They added that the conversation was brief as Mr Pandit rejected the proposal at once.

Mr Parsons insists that he has complete confidence in Mr Pandit, but he looks predatory to me.

'Many times I've seen people who are very shy when it comes to salary, ' says Mr. Pandit of Manpower.

Analysts and investors are split over whether Lewis' or Pandit's job is most in jeopardy.

That 's great stuff, pandit dates back well to(into) the1800sand start of handcuffs, we've got things like balls and chains.

"We are in one hundred and fifty-nine countries, " Vikram Pandit told me.

Mr. Pandit, who took over as CEO in December 2007, got salary and perks valued at less than $1 million in 2008.

Second, the timing of Mr. Pandit's comments looks opportune.

Mr Pandit's about-face reflects Citi's continuing need for capital.

No one seems completely to believe in Mr Pandit.

Around a conference room table, Mr Pandit, 50, is affable, charming and impressive.

Mr Pandit will estimate that Citicorp could earn a yearly return of 1. 25 per cent or more on its assets.

On May 17, Citigroup announced a pay package worth more than $20m for its chief executive, Vikram Pandit.

Citi, which is headed by Vikram Pandit, might add more capital through an equity offering.

But Mr Weill himself, who has known Mr Pandit for 15 years, says he is "thrilled" with the appointment.

But, says Ms Pandit, this time it's different.

That can hurt them in the long run, says Mr. Pandit, because 'the world is small. '

Mr Pandit has given little indication of how he will play that hand.

Around 11 p. m. , Mr. Pandit signed the agreement.

Mr Mehra recalls that Mr Pandit was not only "incredibly bright" but also very happy.

Citigroup CEO Vikram Pandit, by comparison, received more than $38 million last year.

But Pandit told CNN: "I have a job to do and I have not finished it. "

Citigroup CEO Pandit Says Phibro Business Will Be Restructured