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Yeah, yeah we’re talking about Vikram Pandit and Citigroup (of which Pandit is CEO).

Who else could it be when we refer to the greedy desi butcher, the bozo who fired tens of thousands while feeding like a pig at the trough. Vikram Pandit, of course.

This morning Shittygroup Citigroup announced full year 2009 results and as usual Vikram Pandit vomited all over the place.

Citigroup reported a loss of $1.6 billion (80 cents a share) for 2009. In the previous year, Citigroup lost $27.68 billion.

The fourth quarter 2009 net loss was $7.6 billion (33 cents per share), of which $6.2 billion was related to repaying the TARP loan to the U.S. government.

As we’ve said so many times, as long as the desi butcher Vikram Pandit – the moron actually boasts that firing 100,000 employees is ‘enormous progress’ in today’s press release – remains at the helm of the company, Citigroup has no future.

What are the odds that Vikram Pandit will still remain at the helm of Citigroup by the end of this year? Likely slim.

The man has been heading Citigroup for over two years and this is all he has to show for it – The hedge fund (Old Lane) that brought Vikram to Citigroup turned out to be a disaster, the man has butchered 100,000 employees, the fella tried to buy a new $50 million private jet and gorged like a pig on millions while presiding over billions in losses.

What a disgrace.

 Disgusting; U.S. Pisses Away $306b on Citigroup

Update: Vikram Pandit named CEO of Citigroup on December 11. Click here for details. 

Vikram Pandit is that rare Indian who has made it big within the stratospheric heights of the financial sector in New York.

A Mumbai native, Vikram Pandit is CEO of Citigroup’s Institutional Clients Group comprising of Citi Markets & Banking and Citi Alternative Investments.

There has been some speculation lately that Vikram Pandit could land the top job as CEO of Citi following Charles Prince’s recent departure amidst the bank’s disastrous exposure to sub-prime mortgages.

But others question whether Vikram Pandit has the necessary skills to run a financial behemoth that has 300,000 employees and operations in over 100 countries.

Vikram came to Citi in April 2007 when the bank acquired his multi-strategy hedge fund and private equity fund manager Old Lane for $800 million.

At the time of acquisition, Old Lane had $4.5 billion under management and private equity commitments.

Before forming Old Lane, Vikram was President and COO of Morgan Stanley’s institutional securities and investment banking business and a member of the firm’s Management Committee.

But Vikram had to leave Morgan Stanley in March 2005 after differences with former Morgan CEO Phil Purcell made his position untenable.

A PhD in Finance from Columbia University in 1986, Vikram also received an MS degree in 1977 and a BS degree in electrical engineering in 1976 from Columbia.

Vikram was in the news in September this year for his purchase of a 10-room apartment on Central Park West in Manhattan for a whopping $17.9 million. The apartment previously belonged to the late actor Tony Randall.

Related Stories:
Citigroup Lost $18.72b in 2008; Greedy Desi Pig Vikram Pandit Took Home $1m
Disgusting; U.S. Pisses Away $306b on Citigroup
Desi Butcher Vikram Pandit Massacres 50,000
Vikram Pandit & Shitty oops Citi Shares