orbat after the resignation of CEO Vikram Pandit. Photo: Getty Images. Some of the directors who joined after the financial crisis clashed with Mr. Pandit over strategic priorities, resource allocation, selection of new directors, regulatory cooperation and executives' pay packages, said people familiar with the situation. Those directors included Ms. Taylor and William Thompson, a former chief executive of pension fund Pacific Investment Management Co. who also joined in 2009. Neither could be reached for comment. The one board holdout from the precrisis era is Ms. Rodin, president of the Rockefeller Foundation. Messrs. O'Neill and Corbat know one another from when Mr. Corbat was running Citi Holdings, the unit disposing of unwanted assets, and Mr,toms shoes on sale. O'Neill was playing a role as intermediary with U.S. regulators. The two got to know each other on trips to Washington, said a senior Citigroup executive.Mr. Corbat held two conference calls Tuesday for groups of senior management. Chief Risk Officer Brian Leach, who like Messrs. Pandit and Havens had worked at Morgan Stanley, told a group of his staff Tuesday that he won't be leaving Citigroup, despite some speculation to the contrary, the senior executive said. John Gerspach, chief financial officer, has also said he plans to remain with the company.Mr. O'Neill on Monday evening approached senior Citigroup executives, including investment-banking boss James Forese and global consumer banking head Manuel Medina-Mora, to discuss the possibility of one of them taking over Mr. Havens' chief operating officer job, according to people familiar with the talk. Having a seasoned executive in a No. 2 role beneath Mr. Corbat was attractive to the board because of the new CEO's relative managerial inexperience. It isn't clear that Mr. Forese or others want the job, partly because of concerns that such a role would subject them to much greater regulatory scrutiny, the people familiar with the approach to them said. A number of senior Citigroup executives who had hopes of one day succeeding Mr. Pandit say they are now weighing whether they want to remain at the company.A handful of top Citigroup executives got phone calls early Tuesday morning informing them of Mr. Pandit's resignation. The rest of the senior team was invited to join a 7:45 a,discount toms shoes.m. EDT conference call. They didn't know what the topic was,cheap toms. Many dialed in from their homes or their cellphones as they commuted to work. On the call, Mr. Pandit said he would be leaving. He outlined what he would say in a subsequent internal memo: "It's been a wonderful experience, but it's time for a transition in leadership." The call lasted about 15 minutes. When it ended, said a person who was on the call, "people were speechless." Gregory Zuckerman, Joann S. Lublin and Damian Paletta contributed to this article. Write to David Enrich at david.enrich@wsj.com, Suzanne Kapner at Suzanne.Kapner@wsj.com and Dan Fitzpatrick at dan.fitzpatrick@wsj.com An error has occured and your email has not been sent. Please try again. You must enter th Related articles:

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