Citigroup’s 5-Year Critic Mayo Recommends Buying on Pandit Exit

Citigroup’s 5-Year Critic Mayo Recommends Buying on Pandit Exit

Jin Lee/Bloomberg

Citigroup Inc. directors ousted Vikram Pandit, 55, after concluding his mismanagement of operations caused setbacks with regulators and damaged credibility with investors, a person with knowledge of the discussions said yesterday.