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Competition in emerging markets will grow.Mr Pandit has made strides in mending Citi's disjointed culture, restructuring operations to break down silos and encouraging businesses to co-operate.
Aon is looking at restructuring operations in other countries as well.
Management, he added, is restructuring operations to control costs and expand profit margins.
While most of its big competitors have been restructuring operations and cutting expenses, Exxon said it would stick with its plans to spend $25 billion to $30 billion a year over the next few years to develop new energy supplies.
Earnings from continuing operations, excluding a charge for restructuring operations in Europe, were 96 cents a share, compared with the 44 cents expected by Wall Street analysts, according to Thomson First Call.
Arkema, France's biggest chemical company, for example, has been restructuring operations through bolt on acquisitions.
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It has been closing some bakeries and stores as it restructures operations amid declining demand.
Rivals angling for a Nasdaq listing are having to do the same, but acknowledge that China's changing rules could make even the restructured operations illegal.
The electronics retailer Best Buy is laying off 600 staff members in its Geek Squad technical support division and 1,800 other store workers as it seeks to restructure operations and improve results.
Alan Aviles, president of the New York City Health and Hospitals Corporation, described how Mr. Raju cut costs and restructured operations by closing community-based clinics, reworking relations with academic medical centers and large doctors' groups, and making targeted layoffs.
But the stock has risen 77.4percentt as he cut costs, restructured operations, hired more salespeople and pushed employees to find new opportunities for growth, like commercial printers, energy-saving blade servers and software to manage data centers.
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