Wikio - Chuck Prince

No Takers for Ex-Citigroup CEO's Home (US News)

Wed, 18 Jun 2008 20:25:00 GMT

Chuck Prince, who lost his job to the mortgage mess, gets a firsthand look at the housing market.

The Amazing Race: Prince, Dykstra, McMahon Who Will Sell Their Manse First? (DealBreaker)

Wed, 18 Jun 2008 19:14:55 GMT

Bloomberg reports that former Citi CEO Chuck Prince has been hideously forced to cut the asking price of his Greenwich, Connecticut house, which is now entering its sixth month on the market, to $5.85 million. The price tag is still about a million more than what Prince bought the Tudor for in 2003, but $300,000 less than he was hoping to score from some sucker in '08. This is...

Source : DealBreaker (subscribe)

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Chuck Prince and Alan Schwartz Can't Get Out of the Greenwich Ghetto (Daily Intelligencer - New York Magazine)

Wed, 18 Jun 2008 18:58:58 GMT

Chuck Prince. Foreclosed on during the recent mortgage crisis? Take heart! The guys responsible for giving you the crummy loans in the first place are now having some housing troubles of their own. Back in March, it was reported that former Bear Stearns CEO Alan Schwartz was having trouble selling his Greenwich home and had resorted to renting out the $5 million mansion. Now Schwartz's...

Source : Daily Intelligencer - New York Magazine (subscribe)

Explore : Alan Schwartz, Bear Stearns Companies, Prince

Companies don't benefit from imperial CEOs (Seattle Times)

Tue, 03 Jun 2008 03:46:26 GMT

It's been a rough few months for imperial chief executives. The credit meltdown claimed titans Stan O'Neal at Merrill Lynch and Chuck Prince...

Source : Seattle Times (subscribe)

Explore : Business, Merrill Lynch, Merrill Lynch, Prince

What Will Become Of Wachovia's Ken Thompson? (DealBreaker)

Mon, 02 Jun 2008 19:41:43 GMT

This morning Wachovia shocked everyone by unceremoniously firing Ken Thompson , the ambitious corporate leader who wanted to make Wachovia into a domestic version of Citigroup. He might wonder if he succeeded too well, now that he has met the same fate of Citigroup's one-time head, Chuck Prince. So what will Thompson do now that he's been tossed out for over-promising and under-delivering...

Source : DealBreaker (subscribe)

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Sandy Weill Admits Citigroup's Succession Plan Was Flawed

Fri, 23 May 2008 17:53:08 GMT

Sandy Weill, Citigroup's former chairman and chief executive, has acknowledged that the planning that led to the choice of Chuck Prince as his successor in...

Source : anonymous

Explore : Business Blogs, Citigroup, Prince

Citi's Dreadful Succession Planning (Seeking Alpha)

Fri, 23 May 2008 15:23:28 GMT

Felix Salmon submits: Sandy Weill is sniping at Chuck Prince via the FT - again . Why? It makes him look like a petty and bitter old man, rather than any kind of elder statesman of finance. Interestingly, this time he's not just blaming Prince, he's blaming the rest of the Citigroup board as well, including Bob Rubin: Complete Story »

Source : Seeking Alpha (subscribe)

Explore : China, Citigroup, Felix Salmon, Prince

Citi's Dreadful Succession Planning (Market Movers)

Fri, 23 May 2008 14:54:37 GMT

Sandy Weill is sniping at Chuck Prince via the FT - again . Why? It makes him look like a petty and bitter old man, rather than any kind of elder statesman of finance. Interestingly, this time he's not just blaming Prince, he's blaming the rest of the Citigroup board as well, including Bob Rubin: Mr Weill said he and the board should have fostered competition among Citi's top...

Source : Market Movers (subscribe)

Explore : Business Blogs, Citigroup, Prince

Citi's Weill admits flaw in 2003 succession (FT.com - Europe homepage)

Thu, 22 May 2008 22:32:00 GMT

Sandy Weill, Citigroup's former chairman and chief executive, has acknowledged that the planning that led to the choice of Chuck Prince as his successor in 2003 was flawed and turned out not to be the "right thing" for the company

Source : FT.com - Europe homepage (subscribe)

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Where Was Chuck Prince's Freshman Year Econ Prof When We Needed Him? (DealBreaker)

Thu, 17 Apr 2008 19:07:39 GMT

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...

Source : DealBreaker (subscribe)

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Thank God The Rotating Dance Floor Made The Cut (DealBreaker)

Wed, 09 Apr 2008 22:25:18 GMT

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...

Source : DealBreaker (subscribe)

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How to Make Money from Losing Money, UBS Edition (FelixSalmon.com)

Tue, 01 Apr 2008 12:50:58 GMT

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...

Source : FelixSalmon.com (subscribe)

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THE SHAPE OF US POPULISM, Part 1 : A rich free-market legacy - for some (Asia Times)

Tue, 11 Mar 2008 11:11:33 GMT

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)

Source : Asia Times (subscribe)

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Housing/Subprime Roundup — March 7, 2008 (The Johnsville News)

Sat, 08 Mar 2008 04:31:00 GMT

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...

Source : The Johnsville News (subscribe)

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CEOs Fry at Congressional Hearing! (Daily Intelligencer - New York Magazine)

Fri, 07 Mar 2008 18:20:00 GMT

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...

Source : Daily Intelligencer - New York Magazine (subscribe)

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Subprime: One of Those Classic Photos (Infectious Greed)

Fri, 07 Mar 2008 18:10:52 GMT

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.

Source : Infectious Greed (subscribe)

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Angelo Mozilo Earned That Money, and No Commie Quack Is Going to Take It Away From Him (Daily Intelligencer - New York Magazine)

Thu, 06 Mar 2008 22:15:00 GMT

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...

Source : Daily Intelligencer - New York Magazine (subscribe)

Explore : Banking, Citigroup, Entertainment, Government, Music

Tomorrow in DC… (Footnoted.org)

Thu, 06 Mar 2008 19:27:20 GMT

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 [...]

Source : Footnoted.org (subscribe)

Explore : Business, Citigroup, Merrill Lynch, Merrill Lynch, Prince

CEO Astrology: Reading the Stars for Barry Diller, John Thain, Chuck Prince, and Steve Schwarzman

Thu, 06 Mar 2008 15:21:38 GMT

... 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...

Source : anonymous

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Bad Guys Before Congress: Round One (Financial Crookery)

Thu, 06 Mar 2008 14:20:00 GMT

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...

Source : Financial Crookery (subscribe)

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