Citi Chairman Is Said to Have Planned Chief's Exit Over Months "Vikram Pandit's last day at Citigroup swung from celebratory to devastating in a matter of minutes," Jessica Silver-Greenberg and Susanne Craig wrote in The New York Times. "Having fielded congratulatory e-mails" about the bank's earnings report on the morning of Oct. 15, Mr. Pandit met with the chairman at day's end for what he "considered just another of their frequent meetings on his calendar," Ms. Silver-Greenberg and Ms. Craig wrote. Instead, Mr. Pandit, was told "three news releases were ready," -- one stated that Mr. Pandit had resigned, "effective immediately," the second one said that "he would resign, effective at the end of the year." The third release stated that he had been "fired without cause." The choice was his.Read more