Citigroup (C) used to be a triple-digit stock if you can remember a time before the financial crisis. There was the 1:10 split back in 2011 of course, but the bank’s stock has essentially been destroyed during the tenure of Vikram Pandit, who resigned as CEO this morning.
As you can see below, the stock fell -89% between December 2007 when he first became CEO and today. Shareholders will most likely welcome a change in the ranks with that kind of performance haunting them. Meanwhile, The S&P500 has almost returned to its original December 2007 levels, down only -2.1% for the same time period.
