In January 2008, Citi and Merrill Lynch are trying to steer their ships back to the waters to calm. The new CEO, Vikram Pandit (Citi) and John Thain (Merrill), who at the head of their company for less than three months. This case focuses on their steps to the massive losses that counteract their businesses from investing in subprime mortgage structures. What measures have been taken, these leaders and what action they should consider going forward? See also “Warren E. Buffett 2008” (uv .. Read More »

In January 2008, Citi and Merrill Lynch are trying to steer their ships back to the waters to calm. The new CEO, Vikram Pandit (Citi) and John Thain (Merrill), who at the head of their company for less than three months. This case focuses on their steps to the massive losses that counteract their businesses from investing in subprime mortgage structures. What measures have been taken, these leaders and what action they should consider going forward? See also “Warren E. Buffett 2008” (UVA-F-1550).
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Giorgos Allayannis
Source: Darden School of Business
10 pages.
Release Date: 13 May 2008. Prod #: UV1199-PDF-ENG
New Leaders of Financial Giants: The cases of Vikram Pandit (Citi) and John Thain (Merrill Lynch) HBR case solution