Posted by: beckbamberger | December 2, 2008

CEO interview with CEO Vikram Pandit of Citigroup

This is the age where you’ll be hearing many CEOs state mistakes and pitfalls of their judgment. Here’s a CEO Interview with Citigroup’s CEO, Vikram Pandit. Diversification is key to weathering risk. As Pandit said, “What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.”

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