Pandit Kept Citigroup CEO Job With Geithner Backing, Bair Says

Pandit Kept Citigroup CEO Job With Geithner Backing, Bair Says

Simon Dawson/Bloomberg

Vikram Pandit has succeeded in turning the company around since taking over during the financial crisis by paring assets and restoring earnings, Mark Costiglio, a Citigroup Inc. spokesman, said in an e-mailed statement.