Entries tagged "Chuck Prince"
If you believe Charles Gasparino's latest column in The Daily Beast, former Treasury Secretary Robert Rubin is losing sleep over his role in the financial crisis.
The New York Times seems to have a short memory when it comes to Sir Win Bischoff's tenure at Citigroup.
The front page of Thursday's Wall Street Journal features an anonymously sourced story about a dispute among directors at Citigroup Inc. Evidently some want to oust chairman Sir Win Bischoff, but from the tone of the story, it appears as if they may not have enough support to end his short tenure -- otherwise the story would announce his ouster. The story also prompts questions, like who leaked it? What do they have to gain? And what does this mean about CEO Vikram Pandit's future? ...
A congressional hearing that puts Wall Street executives from Merrill Lynch & Co. and Citigroup Inc. and mortgage biggie Countrywide Financial Corp. in the hot seat has been postponed, again. Originally, the House Committee on Oversight and Government Reform was due to hear from the execs on Feb. 7, but that hearing was delayed due to scheduling conflicts. The hearing scheduled for Thursday has also been postponed, a note posted on the congressional Web site Wednesday said, noting that the hearing would be rescheduled. ...
Two former titans of Wall Street and the head of the nation's largest home lender are due to testify Thursday before a congressional committee examining the link between executive pay and the mortgage crisis. The House Committee on Oversight and Government Reform chaired by Rep. Henry Waxman, D-Calif. (pictured at right) will question Countrywide Financial Corp. founder and CEO Angelo Mozilo, former Merrill Lynch & Co. chairman and CEO Stanley O'Neal and ex-Citigroup Inc. chief Charles Prince....
