For Citigroup, yet another speed bump

Citigroup's Charles Prince is used to crises. He's dealt with one after another since he took over as CEO back in October 2003. For all his dancing, the stock has not budged, even as Bank of America and JPMorgan Chase's stock has soared. And now he has to deal with the credit crisis. Citigroup is no worse off than the other banks, as far as we know. But it is arguably making it harder to right the ship. Investment banking for example was a bright spot for Citigroup, but that train may be slowed for quite a while. Assuming little fallout from the market volatility, nothing really has changed. He is still bent on cutting expenses and growing overseas. He has made some high-profile new hires--such as Gary Crittenden as CFO--and has high hopes for the consumer division. He's always been on the hot seat, credit crisis or not. He'll remain there until his plans pan out or restive shareholders decide to act.  

For more:
- here's a New York Times article based on an interview