Less than two years after he was ousted as CEO of Citigroup Vikram Pandit is collaborating with the co-author of the popular 'Freakonomics' book series to launch a new consulting business aimed at helping companies improve their cultures and use of technology.
MarketWatch reports that Pandit and his new colleagues have been ringing up bank chief executives and others offering their services. Among the recent recipients of the pitch: Top executives at Deutsche Bank, which is trying to improve its corporate culture amid a number of regulatory and legal problems.
The firm, called TGG, is promoting 'a novel approach to address the challenges that large complex organizations face in compliance, fraud, corruption, and culture and reputation', said an email to Deutsche executives from Hamid Biglari, one of Pandit's former Citigroup lieutenants and a managing partner of the new venture. 'We think the results are transformative for companies looking to create a culture of performance and integrity', the email said.
Another plus, according to the email: Messrs. Pandit and Biglari's 'domain expertise' from their time running Citigroup.
To access the complete MarketWatch article hit the link below: