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Vikram Pandit & the TINA factor

New York/London: Vikram Pandit may thank the TINA (There Is No Alternative) factor for still being in job as Citigroup CEO, as the U.S. government reportedly did not push for his ouster in its rescue package for the troubled bank partly because there was no “obvious” successor. It has now come out that the authorities discussed whether to replace him. Officials had a disagreement on whether Mr. Pandit was at fault for the company’s problems. — PTI

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