2008-05-13nypost.com

In a nearly four-hour presentation with investors and analysts, CEO Vikram Pandit said the bank aims to get rid of $400 billion in noncore assets but otherwise rejected calls to boost the stock by spinning off units.

...

Whitney gave Pandit's presentation two thumbs down, saying it was "glaringly light on actual mechanics," and "almost identical to one given by former CEO Chuck Prince about a year and a half ago."



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