Citigroup, Inc. Message Board
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Pandit does not care about long term profitability
What kind of stupid comment is this?
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Maybe he knows he will be fired eventually and doesn't care.
- 1 Reply to google_is_a_pos
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He already made his big money of C.
http://blogs.wsj.com/marketbeat/2008/06/12/a-brief-history-of-old-lane-partners/tab/article/
April 13, 2007: Citigroup agrees to buy the fund for a cool $800 million, naming Mr. Pandit head of the firm’s alternative-investments group. Mr. Pandit gets $165 million for the purchase, which closes in July, just before the credit crunch erupts.
August 2007: The fund falls 5.9% in one month amid the credit crunch, putting it down 1.9% for the year, lagging behind the average hedge fund, up 6.2% on the year. Some later say Mr. Pandit, distracted with other duties at Citigroup, has been unable to oversee the fund.
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Yep, that's the best he can do?
http://www.sec.gov/Archives/edgar/data/831001/000118143110004652/xslF345X03/rrd262460.xml
Pandit Holdings:
$2,309,879.75
http://blogs.wsj.com/marketbeat/2008/06/12/a-brief-history-of-old-lane-partners/tab/article/
April 13, 2007: Citigroup agrees to buy the fund for a cool $800 million, naming Mr. Pandit head of the firm’s alternative-investments group. Mr. Pandit gets $165 million for the purchase, which closes in July, just before the credit crunch erupts.
August 2007: The fund falls 5.9% in one month amid the credit crunch, putting it down 1.9% for the year, lagging behind the average hedge fund, up 6.2% on the year. Some later say Mr. Pandit, distracted with other duties at Citigroup, has been unable to oversee the fund. -
One which you've taken completely out of context...
~septcalls -
lmao at the question
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