An embarrassing blow for Pandit who was eventually replaced with Michael Corbat in late 2012.
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That pretty much rules out Citi's Michael Corbat and Goldman's Lloyd Blankfein.
What about the elevation of veteran Citi executive Michael Corbat to the top spot?
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Last month the bank suddenly announced its CEO of five years Vikram Pandit would be replaced by Michael Corbat.
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Michael Corbat is putting his stamp on the company with a simple formula: You can't manage what you can't measure.
Michael Corbat, who on Tuesday gave his first major speech since being named chief executive of Citigroup last fall, promised to make his bankers and managers more accountable for performance.
"Over the past several years, we have rebuilt Citi's capital base and strengthened our balance sheet as well as shed assets and businesses not core to our strategy, " said Michael Corbat, Citi's CEO since October.
Michael Corbat has taken over as chief executive for Vikram Pandit, who oversaw Ms. Stewart's hiring, and the third-largest U.S. bank by assets has embarked on a cost-cutting spree that will eliminate thousands of jobs.
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Citigroup CEO Michael Corbat has been on the job for less than three months, but in announcing more than 11, 000 layoffs aimed at saving a billion dollars a year Wednesday he made his focus on running a leaner ship clear.
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Citigroup Chief Executive Michael Corbat announced 11, 000 job cuts in December, marking his first big move since taking over for Vikram Pandit in mid-October, which was right around the time UBS said it would ax 10, 000 workers.
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Michael Corbat has been on the job as chief executive at Citigroup for a few months now, but his first big public move came Wednesday as the bank announced it will cut more than 11, 000 jobs with an eye toward stripping more than a billion dollars out of its annual expenses.
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And New York Mayor Michael Bloomberg, who dined with Mr. Corbat during the recent two-day summit, also subscribes to the philosophy, popularized by Peter Drucker, the management guru, that to manage something, you must objectively chart progress against stated objectives, according to people familiar with his thinking.
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