Vikram Pandit just conducted his first interview since resigning from Citigroup, earlier today.  Pandit denied that there was any pressure from shareholders or colleagues to leave the company. No one knew exactly why Pandit had announced this shocking decision. However, FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that former Citigroup Inc. (NYSE:C) CEO Vikram Pandit was clearly “shown the door” and that “if you add up the missteps of Vikram Pandit since 2008, they are monumental,” which “added up” to the board “wanted him out.”

Vikram Pandit

Video and excerpts below:


On the timing of Vikram Pandit’s resignation:

“I think it’s less of a resignation and more of a…Ouster. Fired. Clearly he was shown the door. The timing was odd because they did earnings yesterday. My guess is the guy that’s replacing him, Mr. Corbat, did not want lead the earning call and be asked a million questions about Vikram Pandit, so they did it this way. And I am getting that from a source pretty close to  Citigroup Inc. (NYSE:C).”

 

On whether the board forced Vikram Pandit to resign:

“I can tell you that the board. If you add up the missteps of Vikram Pandit since 2008, they are monumental…There’s a lot of missteps. From what I understand, it added up to finally they wanted him out. So this is less than a resignation…this is more, they essentially ousted him. They did not like the job he was doing. John Havens would leave with him because John Havens is he loyal number two and that makes tremendous sense.”