. >> when mike o neil was staped at city's chairman, they got the feeling a shake-up would be comingnd the report by the new york times reports a picture of pandit's last date marked by shock after what he believed to be strong earnings. one said he resigned immediately and another resigning at year-end and third being fired without cause. he chose to leave immediately. coo john havens agreed to leave within minutes. the following day, pan dit said the move was his choice and based on that quarter's earnings that he would be leaving citi in good hands. a former bank of america executive and bank of hawaii, o neil joined the board and became chairman when dick parsons resigned earlier. they were long preparing for pandit's recession and took an unusual turn in the ongoing succession plans holding talks with two candidates for the vacanted coo role which has yet to be filled. >> it's amazing, thanks, if that departure scenario is true, that mikes michael o neill is making all decisions and forcing his agenda. >> let's talk about that and break it down with citi watchers, chris whalen.