This website uses technical, customisation and analytical cookies, both first-party and third-party, to anonymously facilitate browsing and analyse statistics on use of the website. Learn more
New Leaders of Financial Giants: The Cases of Vikram Pandit (Citi) and John Thain (Merrill Lynch)
-
Reference: DARDEN-F-1551-E
-
Number of pages: 10
-
Publication Date: May 13, 2008
-
Fecha de edición: Feb 10, 2011
-
Source: Darden University of Virginia (USA)
-
Type of Document: Case
-
Industry Setting: Banking/Finance/Insurance
Description
In January 2008, Citi and Merrill Lynch are trying to steer their ships back to calm waters. The new CEOs, Vikram Pandit (Citi) and John Thain (Merrill), have been at the helm of their companies for less than three months. This case focuses on their steps to counteract the massive losses resulting from their firms' investments in subprime-mortgage structures. What actions have these leaders taken thus far and what actions should they consider going forward? See also “Warren E. Buffett, 2008” (UVA-F-1550).