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Encyclopedia > Chuck Prince

Charles Price is the chief executive officer of Citigroup. As of October 2004, he is 52 years old and has been with the company for 23 years.


Before taking over Citi's investment banking business, Prince had been chief operating officer of Citigroup. He started his career as an attorney with U.S. Steel Corp. in 1975. In 1979 he joined Commercial Credit Co., a predecessor to Citigroup that Weill took over in 1986. From there, as Weill put together his financial empire, Prince was with him every step. Fortune's Carol Loomis last year described Prince as "a smart, logical thinker who's big in frame (almost 6-foot-4), in laugh, and in capacity for work. He is also an absolute Weill loyalist, who has promptly accepted whatever assignments Sandy has wanted him to take on." In 2003, Sandy called on him to take on the CEO role, as a "fireman" to clean up after the excesses of the 1990s.


External links

  • Chuck Prince Interview: The Wall Street Settlement and Citigroup (http://www.citigroup.com/citigroup/press/2002/021224a.htm)



  Results from FactBites:
 
Rewiring Chuck Prince (2574 words)
Prince's mind spun from anger to resentment to acceptance of his fate.
Prince knew early on that his biggest task would be to distance the company from its past, without wrecking the 200-year legacy of the institution or undermining morale.
Prince says the key requirement of a strong leader is to accept change.
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