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Still, analysts believe management has got operations under control.
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Stephen Dube, who follows the company for Wasserstein Perella Securities, said Mr. Palmisano's promotion by Mr. Gerstner, 58, had been 75percentt a matter of getting operations under control and 25percentt a selection of a potential successor.
"The most important thing at a time like this is to stop everything and get the operation under control," said Greg McCormack, director of the Petroleum Extension Service at the University of Texas, Austin, offering his assessment about the documents.
While Citigroup has struggled to get its sprawling operations under control, its closest competitor, JPMorgan Chase, has performed much better during the current credit meltdown.
"He's got to get his addiction under control.
"They got it under control".
We got that under control.
"The Iraqis got it under control".
"You've got that under control.
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