Read more Charles Prince stories on Newserhttp://www.newser.com/taggrid/15001/charles-prince.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 7:22:01 CSThttp://www.newser.com/story/21022/subprime-lender-ceos-defend-exec-pay.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBanking executives who took home huge paychecks even as the subprime mortgage crisis battered their companies appeared before Congress today to defend their actions. Democrats on the House Oversight Committee grilled them about their enormous pay packages as Republicans apologized to them and questioned the premise of the hearing, the...http://www.newser.com/story/21022/subprime-lender-ceos-defend-exec-pay.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 07 Mar 2008 15:50:00 CSThttp://www.newser.com/story/20990/house-hits-high-bonuses-at-strapped-companies.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA House committee wants to know why the CEOs of three companies mired in the subprime crisis collected massive bonuses as their firms bled billions, AP reports. The targets include Merrill Lynch, Citigroup, and Countrywide, all of which posted stunning losses last year. Countrywide CEO Angelo Mozilo and the former...http://www.newser.com/story/20990/house-hits-high-bonuses-at-strapped-companies.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 07 Mar 2008 7:53:13 CSThttp://www.newser.com/story/13853/struggling-citi-names-pandit-ceo.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he...http://www.newser.com/story/13853/struggling-citi-names-pandit-ceo.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 11 Dec 2007 14:19:08 CSThttp://www.newser.com/story/10994/why-the-ceo-talent-pool-is-so-small.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith Citigroup and Merrill Lynch both suddenly searching for new CEOs, the Wall Street Journal looks at why the list of contenders for the top jobs at Wall Street's biggest firms is so short. Start with an earn-or-die corporate culture, which taints talented chief executives who fail to deliver in...http://www.newser.com/story/10994/why-the-ceo-talent-pool-is-so-small.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 05 Nov 2007 16:47:55 CSThttp://www.newser.com/story/10958/rubin-named-chairman-of-citigroup.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns, on top of the $2....http://www.newser.com/story/10958/rubin-named-chairman-of-citigroup.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 04 Nov 2007 18:00:43 CSThttp://www.newser.com/story/10865/prince-to-resign-from-citigroup.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGrowing pressure on Citigroup Inc. is prompting CEO Charles Prince to end his four-year rein this weekend. Bleak third-quarter earnings and an SEC probe of Citigroup's accounts have amped up existing frustration at the financial services company. Prince has "stepped up and done the right thing without forcing the board...http://www.newser.com/story/10865/prince-to-resign-from-citigroup.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 02 Nov 2007 19:36:46 CDThttp://www.newser.com/story/9525/citigroup-profit-plunge-hits-a-nervous-market.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup reported a 57% drop in third-quarter profits today, anticipated news that nevertheless sent the bank's shares down by 3.6% to $46.17. The news helped drive nervous market downward as well. "This is the beginning of earnings season, and the market is skittish because analysts are looking for...http://www.newser.com/story/9525/citigroup-profit-plunge-hits-a-nervous-market.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 15 Oct 2007 12:57:23 CDT