Pandit Does Davos, 0.1% Gloat, Madness Reigns: Jonathan Weil
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Jan. 27 (Bloomberg) -- Sometimes a single fact stands outamid all the clutter, offering a flash of insight and clarity.Here is one of them: Citigroup Inc. Chief Executive OfficerVikram Pandit is a co-chairman of the World Economic Forum’sannual meeting this week in Davos, Switzerland.
At first blush, the notion might seem almost ho-hum, a non-event. Upon further consideration, this looks like it can’tpossibly be right. Then it turns out, much to our amazement,that the story is accurate, confirming once again that our worldis stark mad. You really have to wonder why anyone outside ofCitigroup would pick Pandit to lead anything.