Charles Prince, like other deposed CEOs, will be leaving Citigroup a rich man. According to the New York Times, he will leave with $68 million from salary and accumulated stockholdings; a $1.7 million pension; an office, car and driver for up to five years--and a $12.5 million cash bonus. So it's hard to cry for him. This may rankle some, given that many consider him the man to blame for the Citigroup mess. But his severance is a pittance compared with Stanley O'Neal, who is walking away with roughly $160 million. You can argue and pout. But what's the point? These sums are in accord with existing compensation agreements.

For more:
- here's the New York Times article

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