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Shocking CEO downfalls

POSTED: 10:16 AM PST Mar 01, 2013    UPDATED: 10:21 AM PST Mar 01, 2013 

Groupon head Andrew Mason is the latest CEO to make a shocking departure.

CEO Downfalls - Citigroup
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Vikram Pandit (Citigroup) -- He was forced out of Citigroup in October 2012 by new chairman Michael O'Neill despite strong earnings. According to The New York Times, O'Neill told Pandit he had readied three news releases -- one that said he had resigned immediately, one that said he would resign at the year's end and a third saying he had been fired without cause. O'Neill reportedly told Pandit the board had lost confidence in him, and the choice was his.

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