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August 28, 2008 12:59:41 AM CDT

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Stories related to: Charles Prince

Stories

7 Stories

  • March 2008
  • December 2007

    • Struggling Citi Names Pandit CEO

      Bloomberg  |  Dec 11, 07 2:19 PM CST

      Struggling Citi Names Pandit CEO

      (Newser) - Citigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he replaces Charles Prince, forced out last month. More »

      Tags

      Citigroup  • Morgan Stanley  • Charles Prince  • Robert Rubin  • Vikram Pandit

  • November 2007

    • Why the CEO Talent Pool Is So Small

      Wall Street Journal  |  Nov 5, 07 4:47 PM CST

      Why the CEO Talent Pool Is So Small

      (Newser) - With Citigroup and Merrill Lynch both suddenly searching for new CEOs, the Wall Street Journal looks at why the list of contenders for the top jobs at Wall Street's biggest firms is so short. Start with an earn-or-die corporate culture, which taints talented chief executives who fail to deliver in short order, as well as division heads who tend to be sacrificed to an unhappy board when they have a bad quarter. More »

      Tags

      subprime mortgages  • mortgage crisis  • Citigroup  • Merrill Lynch  • corporate governance  • corporate culture  • Charles Prince  • Stan O'Neal

    • Rubin Named Chairman of Citigroup

      Wall Street Journal  |  Nov 4, 07 6:00 PM CST

      Rubin Named Chairman of Citigroup

      (Newser) - Citigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns, on top of the $2.2 billion in third-quarter losses that helped sink Prince's leadership. More »

      Tags

      credit crisis  • Wall Street  • mortgage crisis  • Citigroup  • SEC  • Charles Prince  • Robert Rubin

    • Prince to Resign From Citigroup

      Wall Street Journal  |  Nov 2, 07 7:36 PM CDT

      Prince to Resign From Citigroup

      (Newser) - Growing pressure on Citigroup Inc. is prompting CEO Charles Prince to end his four-year rein this weekend. Bleak third-quarter earnings and an SEC probe of Citigroup's accounts have amped up existing frustration at the financial services company. Prince has "stepped up and done the right thing without forcing the board to act," once source told the Wall Street Journal . More »

      Tags

      Wall Street  • mortgage crisis  • Citigroup  • Time Warner  • Charles Prince  • Robert Rubin

  • October 2007

    • Citigroup Profit Plunge Hits a Nervous Market

      Wall Street Journal  |  Oct 15, 07 12:57 PM CDT

      Citigroup Profit Plunge Hits a Nervous Market

      (Newser) - Citigroup reported a 57% drop in third-quarter profits today, anticipated news that nevertheless sent the bank's shares down by 3.6% to $46.17. The news helped drive nervous market downward as well. "This is the beginning of earnings season, and the market is skittish because analysts are looking for a weak quarter, particularly from the financials," a strategist told the Journal. More »

      Tags

      credit crisis  • Citigroup  • bank  • Charles Prince

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