I know its great achievement being an Indian, but I see other side also,it might be a business strategy of citigroup as well like pepsi gained more popularity and sale in India after Ms Nooyi.
RE:Business Strategy
by Harish Manwani on Dec 18, 2007 05:59 PM Permalink
For God's sake...granted he has done something unusual, but he's just become the CEO of Citibank, not the President of the US...why does the media have to go overboard for any achievement of Indians abroad? shows a deep-seated ignorance, and a need for the white man's appreciation....this after the feats of guys like Mittal and Ambani..
RE:Business Strategy
by Truth BeTold on Dec 19, 2007 09:38 AM Permalink
Because Citi has more assets under its name (around $2 trillion) than the entire GDP of India.
RE:Business Strategy
by gakkad on Dec 19, 2007 08:21 AM Permalink
India is just a tiny part of business of citi. It is too big. He was chosen because in the middle of the sub prime mess and billion $ write offs no one want that chair. Saudi Prince pumped close to 8 billion $ to bail out citi out of its liquidity crisis. But Vikram pandit is a smart capable guy who will come out winner.
RE:Business Strategy
by Aam Aadmi on Dec 19, 2007 08:40 AM Permalink
India's total market cap of entire Bombay stock market is $1000 Billian. City alone is valued at $200 Billian.
RE:Business Strategy
by hardik mehta on Dec 19, 2007 09:01 AM Permalink
sorry to say dear,but City also valued at 1000B$ interms of marketcap..check this out on forbes..or wiki..
RE:Business Strategy
by Jit K on Dec 21, 2007 12:51 AM Permalink
No way, Hardik. Check on any financial website. As of Dec 20, 2007, Citi's market cap was $148.5 billions (about 5 billion shares outstanding at about $30). There are no trillion dollar market cap companies in the US. ExxonMobil is the largest in market cap (about $500 billion).
