In January 2008, Citi and Merrill Lynch are trying to send their ships back in the calm waters. New managers, Vikram Pandit (Citi) and John Thain (Merrill), were at the helm of the company for less than three months. This case focuses on their steps to counter the massive losses from investments of the firms in the subprime mortgage structures. What measures are taken, these leaders so far, and what actions they should consider going forward? See also "Warren E. Buffett, 2008" (UVA-F-1550). "Hide
by Giorgos Allayannis Source: Darden School of Business 10 pages. Publication Date: May 13, 2008. Prod. #: UV1199-PDF-ENG
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