-- He sold Citi last quarter due to his concerns about governance and management at Citi.
-- Citi's board and governance has always been very weak.
-- He thinks Pandit himself choose to resign from Citi and was probably unhappy with the direction board wanted to go.
-- He thinks there was disagreement related to compensation.
-- He also thinks there are hidden skeletons and Corbat is not the person who will be aware of everything. Even best-in-the-business Jamie Dimon was not aware of the whole book of his business.
Here is the video:
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.