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5 Indians Who Influence Global Finance
By siliconindia
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Tuesday, 04 October 2011, 01:42 IST |
2 Comments
4. Vikram Pandit:
Vikram Pandit is an Indian-born American executive and the current CEO of Citigroup. He joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company. Vikram Pandit had assumed the CEO hat when Citigroup was going through some tumultuous times. He had pledged in 2009 to take home an annual salary of $1 until the Citigroup gets back to its feet. In May 2011, after posting five consecutive quarterly profits Citigroup announced a $23.2 million retention award to Pandit making him one of the highest paid CEOs. Vikram Pandit can be solely credited to turning the U.S. bank around and for its rising-from-the-ashes phenomenon. He put in ideas like selling off assets, cutting staff, focusing on its core businesses, including investment banking and retail banking for affluent customers globally.
