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Today's Fresh Blogs...| Kate Middleton’s Sad Hunt |
| Published: October 26, 2007, 1:01 am |
| Tags: Kate Middleton, Brigitte Bardot, Hunt, Prince Charles, Prince William |
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| Ceo Watch - Charles Prince, Citigroup |
| Published: November 5, 2007, 6:15 am |
| Tags: Which Up, Charles, Prince |
| ) The die has been cast, Prince has resigned as CEO and Chairman of Citigroup. In his place, Former Secretary of the Treasury, Robert Rubin and current Citi board member has been made chairman. Sir Win Bischoff, chairman of Citi Europe and a Member of the Citi management and operating committees, was made interim CEO. Bischoff will remain |
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| Citigroup CEO Resigns; Former Treasury Chief Named Chairman |
| Published: November 5, 2007, 12:00 am |
| Tags: Citigroup, Ceo, Resigns, Former, Treasury, Chief, Named, Chairman, Citigroup Inc, Charles Prince, Robert Rubin, Goldman Sachs Group Inc, Merrill Lynch Amp Co Inc, Bill Clinton, E Stanley O Neal, Sandy Weill, Wall Street, Win Bischoff |
| NEW YORK, Nov. 4 -- Citigroup has installed former Treasury secretary Robert Rubin as chairman after the widely anticipated resignation of Charles Prince, the embattled chairman and chief executive who faced mounting criticism in the wake of a $6.5 billion write-down for the third quarter. |
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| Citigroup Faces an Uncertain Future |
| Published: November 6, 2007, 12:00 am |
| Tags: Citigroup, Faces, Uncertain, Future, Citigroup Inc, Charles Prince, Robert Rubin, Gary Crittenden, Wall Street, Sandy Weill, Tennessee, Cnbc Inc, Goldman Sachs Group Inc, Merrill Lynch Amp Co Inc, Nyse Euronext, Punk Ziegel Amp Company, The Wall Street Journal, Time Wa |
| NEW YORK, Nov. 5 -- The day after beleaguered Citigroup acknowledged as much as $11 billion in additional losses and said its chief executive was stepping down, the investment bank's interim leadership took questions from analysts trying to determine how much worse things could get. |
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| Citigroup and Prince: Too-Risky Business |
| Published: November 7, 2007, 12:00 am |
| Tags: Citigroup, And, Prince, Too Risky, Business, Charles Prince, Citigroup Inc, Wall Street, Enron Corporation, Merrill Lynch Amp Co Inc, Jared Harris, Robert Carraway, Sandy Weill, Charlottesville, Mci Inc, Dallas, Latin America, Steven Pearlstein, Darden School Of Business |
| CHARLOTTESVILLE Poor Chuck Prince. For the past five years, he thought his job was to clean up the ethical mess at Citigroup left by his longtime friend and patron Sandy Weill. As Weill was taking his leave of the financial behemoth he had created, state and federal officials were moving to put ... |
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| The Pundit Who Bruised Citibank |
| Published: November 12, 2007, 12:00 am |
| Tags: The, Pundit, Who, Bruised, Citibank, Citigroup Inc, Meredith Whitney, John Layfield, Wall Street, Charles Prince, Fox News Network Llc, Steve Eisman, Washington Dc, Cibc World Markets Corp, Dow Jones Amp Co Inc, Oppenheimer Holdings Inc, Bethesda, Bob Dole, Capitol Hill |
| NEW YORK -- Late last month, a spirited analyst published a highly critical report on Citigroup, saying it was woefully undercapitalized and might have to sell off assets or cut dividend payments to shareholders. |
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| No Payback for Chiefs When Profit Evaporates |
| Published: November 13, 2007, 12:00 am |
| Tags: Payback, For, Chiefs, When, Profit, Evaporates, Stan O Neal, Charles Prince, Citigroup Inc, Fortune Magazine, Merrill Lynch Amp Co Inc, Allan Sloan, Wall Street |
| Even if you flame out on Wall Street, you still get to keep the money. That's one of the lessons we learn from the fall of Chuck Prince and Stan O'Neal, who have bitten the dust because Citigroup and Merrill Lynch had to take billions of dollars in losses on securities that were overvalued on their... |
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| Veteran Banker To Head Citigroup |
| Published: December 12, 2007, 12:00 am |
| Tags: Veteran, Banker, Head, Citigroup, Citigroup Inc, Vikram Pandit, Wall Street, Charles Prince, Robert Rubin, Roger Ehrenberg, Win Bischoff, Deutsche Bank Ag, Dow Jones Amp Co Inc, Lane Partners, Morgan Stanley, Schroders Plc, Daniel Pedrotty, Jeffrey A Sonnenfeld, Richard |
| NEW YORK, Dec. 11 -- Citigroup on Tuesday named Vikram Pandit, a Wall Street veteran versed in arcane areas of the credit market, as its chief executive. |
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| Failure In Need of A Theory |
| Published: February 8, 2008, 12:00 am |
| Tags: Failure, Need, Theory, Robert H Frank, Adam Smith, Ilan Kremer, Peter Demarzo, Ron Kaniel, Charles Prince, Citigroup Inc, Albert Einstein, Alfred Marshall, Steven Pearlstein, Thomas C Schelling, Thorstein Veblen, Wall Street, Cornell University, Stanford Universit |
| A century ago, Albert Einstein revolutionized physics with his theory of relativity, which suggested that while the fundamental laws of Newtonian physics were useful for many purposes, they broke down under certain extreme conditions. |
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| Sandy Weill Pulls Golden Carpet From Underneath Charles Prince |
| Published: May 23, 2008, 1:00 pm |
| Tags: Company Town, Bear Stearns, Beekman Place, Business, Charles Prince, Citigroup, Finance, Frank Gehry, Harlem, John Mccain, Madison Avenue, Milberg Weiss, Nbc, Sanford Weill, Time Warner, Tribeca, Verizon, Wall Street, Wall Street Journal |
| says that his successor, Charles Prince, was perhaps not the right guy to sail the firm's ship: "I certainly have responsibility for working with the board in devising a plan of succession, and I would not give myself very good grades on that." [FT] • Everyone, relax: The banks are doing much better than news reports would suggest. |
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| After Mortgage-Related Losses, AIG Ousts Chief |
| Published: June 16, 2008, 12:00 am |
| Tags: After, Mortgage Related, Losses, Aig, Ousts, Chief, American International Group Inc, Robert Willumstad, Martin Sullivan, Citigroup Inc, Charles Prince, E Stanley O Neal, George L Miles Jr, Ken Thompson Executive, Stephen Bollenbach, Hilton Hotels Corporation, Merrill Ly |
| NEW YORK, June 15 -- American International Group, which has lost billions on bad bets on the mortgage market, on Sunday named former Citigroup executive Robert Willumstad to replace the insurer's besieged chief executive. |
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