Archive for November, 2007


Citigroup CEO The Latest Casualty Among Wall Street Execs.

  

Former Citigroup CEO Charles Prince.

It’s only been a week or so since Stanley O’neal was forced to step down as CEO of Merrill Lynch.  Today Citigroup Inc. Chairman and CEO Charles Prince also resigned and is being replaced as chairman by former Treasury Secretary Robert Rubin. Prince is the latest executive casualty of the current banking woes…his company’s billions of dollars in losses from investing in bad debt is what ultimately led to his demise. Read.

 











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