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Charles Prince
Latest Headlines
Latest Headlines
Disgraced financial services executives find second life
U.S. News offers an interesting article about how some disgraced executives have "failed up." That is, they ended up with plum jobs despite their infamy.
When it comes to financial services executives, not all have "failed up". Some have failed sideways and some have just plan failed. Of n
Jamie Dimon faces more criticism
When the financial crisis peaked, Jamie Dimon was held up by many as the man who benefited most from the crisis. While some banks imploded and others got into trouble, Dimon emerged as the go-to guy for regulators and top dog of Wall Street to the consternation of other bank executives.
But th
Robert Rubin, Charles Prince face off with the Financial Crisis Inquiry Commission
The interrogation of Charles Prince, former CEO of Citigroup ( NYSE: C ), and Robert Rubin, former head of the bank board's executive committee, made for great drama. Both men faced tough questioning but dealt with it in different ways. Prince's strategy was to shame himself repeatedly. He broke
Charles Prince, Robert Rubin to face inquiry
Just as Citigroup ( NYSE:C ) CEO Vikram Pandit ( Vikram Pandit news) has started to earn some positive media, the Financial Crisis Inquiry Commission will circle back to pre-Pandit days to question former CEO Charles Prince ( Charles Prince news) and former director Robert Rubin ( Robert
The CEO merry go round
CIT chief executive Jeffrey Peek has become the latest big-name CEO to step down amid the gargantuan credit crunch that has proved the undoing of so many top executives.
The list is worth reviewing: Bank of America ( BAC ) CEO Ken Lewis is leaving, and so is Financial Services Group CEO Rama
The root of Citigroup's woes
For those who are dissatisfied with Vikram Pandit's performance at Citi, a recent New York Times article would likely prove an insightful read. It makes clear exactly what Pandit is up against. That would be undoing the culture and poor decisions that led to $65 billion in losses. More than ha
Infighting heating up at Citi?
The Citi board has issued a statement that it stands behind its current chairman, Sir Win Bischoff. But the spate of media reports that Bischoff might be sacked just might ignite the kind of blame game that is a well-known pastime at Citi. MarketWatch says, "It was [Robert] Rubin who had s
What's up at Citi?
The Citi board has issued a statement that it stands behind its current chairman, Sir Win Bischoff. But the spate of media reports that Bischoff might be sacked just might ignite the kind of blame
Krawcheck to leave Citi
You could have guessed this was coming. Once the mythic "most powerful woman on Wall Street," Sallie Krawcheck, the head of Citi's wealth management unit, has taken some lumps as of late. Now comes news that she will leave the bank. The New York Times notes the move is part of yet another man
Is Pandit losing Citigroup already?
The New York Times offers an intriguing account of an off-site meeting for 60 top Citigroup executives convened by Vikram Pandit. At a meeting center in Armonk, NY, the CEO presented his seven-point "Rules of the Road"--hoary stuff like "transparency" and "customer connectivity"--that he t
