M1-Changes in Leadership - Changes in Leadership Changes in...

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Changes in LeadershipChanges in corporate leadership can have a significant impact on how the company functions. In 2007, Citigroup announced that Charles Prince would no longer be the CEO. Vikram Pandit was appointed as the CEO. What impact might such a change have on the financial decision-making in Citigroup?With changes in leadership come changes in decision-making styles. Leaders stepping into a new role may increase employees' sense of empowerment or, conversely, may wish to regain more central roleover business decisions in order to effect change. When Mr. Vikram Pondit was appointed the new CEO of Citigroup, he replaced the outgoing CEO Mr. Charles Prince. When such changes occur, it is

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