Merrill Lynch announced a massive write down, but no one is suggesting Stanley O'Neal ought to step down. But when Citigroup announced a massive 3Q writedown, it reignited the rumor mill all over again about Charles Prince. He never seems to get off the hot seat. For the fifth time since taking over as CEO from Sandy Weill, Prince was forced to disclose a huge problem to his board, the New York Times notes. And shareholders are again wondering about Prince's tenure. The bank has never reached its potential, long a sour note with top shareholders. The board still seems to believe in him however, as does Prince Alwaleed bin Talal of Saudi Arabia. But at some point, the stock price may finally force the board to seek a change.  

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

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