Within the next three years, Pandit announced, Citigroup will shed $400 billion in assets, all in an effort to streamline the bank and appeased worried shareholders. Vikram Pandit has lots of spring cleaning to do.
C.E.O. Les Moonves announced CBS Corp. is buying CNet Networks Inc., the online news provider for $1.8 billion.
Ghosn and Renault-Nissan Alliance have announced on May 13, the launching of the manufacturing of their own ultra-budget car.
Welcome to CEO Watch, where we take stock of the business world's major players, while providing weekly news roundups from the world of Wall Street. Here we profile the CEOs and their firms – those reinventing their companies amid bleak economic times and those unlikely to recover from historic losses. We tally Corporate America's wins and losses while providing insight into the capitalism's insiders. We mean business.
