Vikram Pandit Net Worth is$60 Million
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Profession: Businessperson, Chief Executive Officer
Date of Birth: Jan 14, 1957
Nicknames: Vikram S Pandit
Country: United States of America
Vikram Pandit was born in India and has an estimated net worth of $60 million dollars. The CEO of Citigroup, Vikram Pandit began his career with Morgan Stanley in the early 80's. After Citigroup's shares dropped drastically, he asked the board to pay him $1 per year until the company's value rose again. He is considered by some to be one of the worst CEO's in business history.
Vikram Shankar Pandit (Marathi: ?????? ???? ?????; born 14 January 1957) is an Indian-born American business executive. He is the CEO of Citigroup, a position he has held since Dec 2007.
He holds a B.S & M.S degree in Electrical Engineering from Columbia University, followed by an M.B.A & Ph.D. in Finance from Columbia Business School. Pandit, a naturalized citizen of the United States, lives in New York City with his wife and two children.
Vikram Pandit was born in Nagpur, India to an affluent Marathi family. His father, Shankar B Pandit was an executive director at Sarabhai Chemicals in Baroda.
He completed his schooling at the Dadar Parsee Youths Assembly High School in Dadar, Mumbai and when he was 16 years old, moved to the United States to pursue his higher education at Gannon University.
As a student, Pandit went to Columbia for his undergraduate program and in 1976, earned his B.S., electrical engineering degree in only three years. He completed his M.S. in electrical Engineering, also from Columbia University in 1977. He then turned to business studies & finance and earned an M.B.A in 1980 followed by a Ph.D. in finance from Columbia Business School in 1986, after publishing a thesis involving a complex financial puzzle, entitled "Asset prices in a heterogeneous consumer economy".
During his early professional years, he taught economics at Columbia, then had a stint as a professor at the Brock University in St.Catharines, Canada St.Catharines.
He joined Morgan Stanley as an associate in 1983, one of the first Indians to join the company. In 1990, Vikram Pandit was chosen as the managing director and head of the US Equity Syndicate unit of Morgan Stanley and by 1994, he had risen to become managing director (MD) and head of its worldwide Institutional securities division.
He was instrumental in building Morgan Stanley's electronic trading and prime brokerage division and in 2000, ultimately rose to the post of president and chief operat

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Vikram Pandit Latest News

Vishal Kampani: Keeping alive bank dreams

Even in investment banking, growth has been slow. What about a banking license which it wanted to secure by partnering with former Citibank chief executive Vikram Pandit? “Banking license is always at the back of our mind,” says Kampani. “At some ...
Posted: October 11, 2016, 5:47 pm

Stunning NYT Report Explains How Vikram Pandit Was Really Fired From Citi

Jessica Silver-Greenberg and Susanne Craig at The New York Times have a fantastic account of how Vikram Pandit was forced out as Citi CEO by new chairman Michael O'Neill. The report explains how Pandit was completely blindsided on October 15, when he ...
Posted: October 25, 2012, 9:55 pm

I Was Fired For Being a Woman, Sallie Krawcheck Tells Crowd

Krawcheck’s high-profile firing came after she clashed with a new Citigroup CEO, Vikram Pandit, over customer losses. According to Krawcheck, she took the view that Citi should reimburse some of the losses in her Smith Barney unit because the company had ...
Posted: October 8, 2016, 7:04 am
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