Pandit Ouster as CEO Was 3 Years Overdue, Rosner Says: Tom Keene
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Vikram Pandit’s ouster as head of Citigroup Inc. is a “step in the right direction” and should have happened earlier, banking analyst Joshua Rosner said.
“This move could have happened three years ago, probably should have happened three years ago,” Rosner, an analyst with Graham Fisher & Co., said today in an interview on Bloomberg Television’s “Surveillance” with Tom Keene. “You had a board that wasn’t independent and strong in the same way that the current board seems to be.”