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DealBreaker (Free subscription) | 04/17/2008
Though conventional wisdom states that nothing or no one will ever be able to whip the diversified whorehouse that is Citi into something resembling a profitable company, at least one person willing to go on record believes Vikram Pandit “has the smarts” to do just that. We’re speaking, of course, Pandit’s finance professor from grad school, who took a cue from Bernanke’s thesis advisor yesterday...
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DealBreaker (Free subscription) | 04/10/2008
In case you were wondering (and who the heck wasn't') Prince Alwaleed's new jet is outfitted with not one but two "throne rooms." The original thinking was that one would be for him, and one for Chuck Prince. Obviously that plan went to shit . Which is fitting. And on the DL? Throne room = bathroom. Oh, and thanks to Meredith Whitney, there’ll be no bowling alley or swimming pool...
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FelixSalmon.com (Free subscription) | 04/01/2008
UBS is the latest bank to see its share price rise in the wake of an absolutely enormous write-down . The $19 billion write-down announced today almost doubles the write-downs taken since the third quarter of 2007, and, in a move reminiscent of Sandy Weill being replaced by Chuck Prince, chairman Marcel Ospel is retiring to make way for his general counsel. So what does the stock market...
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Asia Times (Free subscription) | 03/11/2008
The sight of businessmen such as E Stanley O'Neal and Chuck Prince pocketing millions of dollars as they quit companies losing billions in value sticks in the throat of many less fortunate. Even some Congressmen this month figured something was wrong with such rewards for failure. Fair game, said others. - Henry C K Liu (Mar 11, '08)
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The Johnsville News (Free subscription) | 03/08/2008
Items of interest: Infectious Greed: Subprime: One of Those Classic Photos - I'm sure there will be better photo versions of this moment soon, but this sure felt like instant history. We have financial services CEOs Chuck Prince (Citi), Stan O'Neal (Merrill), Angelo Mozilo (Countrywide), and others all swearing to tell the truth before the House Oversight Committee as the mortgage market...
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Daily Intelligencer - New York Magazine (Free subscription) | 03/07/2008
Photos: Getty Images, Reuters, Patrick McMullan Oh, not really. We're just exaggerating. That's what the media does, according to Chuck Prince and Angelo Mozilo, who have both offered up the line that the media has "grossly exaggerated" the amounts of their compensation in their testimony in front of the House Oversight and Government Reform Committee today. Over at Portfolio , Elizabeth...
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Infectious Greed (Free subscription) | 03/07/2008
I'm sure there will be better photo versions of this moment soon, but this sure felt like instant history. We have financial services CEOs Chuck Prince (Citi), Stan O'Neal (Merrill), Angelo Mozilo (Countrywide), and others all swearing to tell the truth before the House Oversight Committee as the mortgage market pile-on is underway.
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Daily Intelligencer - New York Magazine (Free subscription) | 03/06/2008
Photo Illustration: Everett Bogue; Photos: Landov, iStockphoto As you may know, Countrywide CEO Angelo Mozilo, recently deposed Merrill Lynch CEO Stan O'Neal, and recently deposed Citigroup CEO Chuck Prince are scheduled to testify in front of the House and Government Reform Committee tomorrow, having been called by Representative Henry Waxman of California to defend the gigantic paychecks...
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Footnoted.org (Free subscription) | 03/06/2008
After postponing twice, it looks like tomorrow is the day that Countrywide’s (CFC) Angelo Mozilo, as well as Stan O’Neal, and Chuck Prince, formerly of Merrill Lynch (MER) and Citigroup (C) will be heading to Capitol Hill to appear before the House Oversight Committee to talk about compensation and the subprime mess. The formal name [...]
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The Huffington Post (Free subscription) | 03/06/2008
... Guys like embattled IAC CEO Barry Diller, Blackstone CEO Steven Schwarzman, ousted Citigroup CEO Chuck Prince, and Merrill Lynch newbie John Thain. After all, these people have much more power to wreak havoc in our lives if the stars choose not to shine on them. After the jump, read Miller's uncannily prescient analysis (it would be more precise if she knew the times of day they were...
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Financial Crookery (Free subscription) | 03/06/2008
A right old who's-who of finance bad guys is shortly scheduled to face the indomitable wrath of the US House Oversight Committee . In the red corner, Angelo Mozillo, E Stanley O'Neal and Chuck Prince stand ready to defend their pay. In the blue corner, the same elected representatives who recently grilled Rocket Roger on alleged steroid use in baseball get to show us their grasp of high...
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DealBreaker (Free subscription) | 02/26/2008
A congressional hearing set to showcase the vocal stylings of Stan O’Neal, Chuck Prince and Angelo Mozilo with showstoppers on how they lost their companies trillions of dollars but still made out like bandits themselves has been postponed due to the sudden death of the tan one’s mom. I know what you're thinking but let us be the first (and only') to say that probably wasn't any foul...
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DealBreaker (Free subscription) | 02/25/2008
You know, you get rid of Chuck Prince and the humility at Citigroup just comes a flooding through. The bank which, as you know, has lost hundreds of billions of dollars, has gotten rid of one of its corporate jets (the Falcon 2000) in an effort to inch its way toward profitability. Everyone, please, a moment, to acknowledge this gargantuan sacrifice. Cutting back at Citigroup… [footnoted]...
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felixsalmon.com (Free subscription) | 02/11/2008
A Credit Suisse banker explains how his bank avoided monster losses : "All of us [banks] are really in the moving, not the storage, business." Maybe Chuck Prince and Stan O'Neal never got the memo. Related Links Credit Suisse Banker Busted by Feds Rereading Swiss Profits in Dollar Terms Showdown For Swiss Banks
The last article published by a user on Charles O. Prince :
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beris | 11/05/2007
According to all news media, Citigroup ‘s ( C ) CEO Chuck Prince is finally due to resign today. They all say it's been long overdue, and we’ve heard it first from Jim Cramer some time ago that he needs to go in order for Citi to recover its tragic long-time decline in share price and market cap value. If it indeed happens, and I’m sure it will as Prince is under immense pressure from multiple sides,
