Recommended Reading - Vikram Pandit to Get The Heave-Ho?, Dealbreaker

Dealbreaker early today, prior to Citi’s shareholder meeting, talked about speculation that Vikram Pandit, Citgroup’s CEO, could be forced out should the bank have to go back to the government trough for further funds. According to a story in the Financial Times referred to in the Dealbreaker piece,

… senior officials at the FDIC have been talking Pandito replacements, in the event the bank needs more cash-money. Apparently successors include new CFO Ned Kelly, old CFO Gary Crittenden, and an unnamed new board member.

I suspect Pandit will be around at Citi for a while. Unlike Lewis at the Bank of America, Pandit while not demonstrating extraordinary leadership talent has not made the kind of blunders Lewis has been saddled with. Time will tell.

For more:

Clusterstock

Recommended Reading - Private Company Facebook Losing CFO

I do not typically comment or cover management changes at private companies but the recent news that 23 year old CFO, Adam D'Angelo, is leaving Facebook is worth a quick note.  Kara Swisher of All Things Digital wrote a story yesterday confirming rumors that D'Angelo was leaving.

D’Angelo wrote a letter to Facebook staff on Friday about the move. He said he wanted a break.

But, according to sources close to the company, D’Angelo felt his responsibilities no longer fit well with his skills and interests.

Dealbreaker earlier today wrote a short piece in which it surmised,

... Lately the company has been bringing in more mature talent, many from Google, so there seems to be a out-with-the-young in-with-the-seasoned trend afoot.

It can not be easy for a twenty three year old to serve as CFO for a company like Facebook.

For more:

Venturebeat