Charles Prince
Charles Prince
Charles Owen "Chuck" Prince IIIis an American former chairman and chief executive of Citigroup. He succeeded Sandy Weill as the chief executive of the firm in 2003, and as the Chairman of the Board in 2006. On November 4, 2007 he retired from both his chairman and chief executive duties due to unexpectedly poor 3rd quarter performance, mainly due to CDO and MBS related losses, while still receiving a $38m pay package...
ProfessionEntrepreneur
Date of Birth13 January 1950
mix shift strongly
We are going to shift the mix strongly to international.
banking benefits businesses consumer corporate generate globally helped investment offset record results seeing strength weaker
We are seeing the benefits from our investment spending, which helped generate record revenues in our international businesses and record revenues globally in our corporate and investment banking business. Strength in these franchises more than offset weaker results in our U.S. consumer business.
bullish growth prospects
We are very bullish on our growth prospects in India,
consumer credit customer firing good growth hoped lower revenue saw terrific
We had terrific results, yet we're not firing on all cylinders. The one we're not firing on is our consumer business, which we saw good customer interaction and lower credit costs, but we also saw revenue growth was not where we hoped it would be.
firing terrific
We had terrific results, yet we're not firing on all cylinders.
america growth north revenue softer
We've had softer revenue growth in North America than we want. This is something that I think we can do better.
america expect growth north revenue softer
We've had softer revenue growth in North America than we want, ... I expect we're going to do a better job.
along buy interest ride small
If we could see our way to a more substantial stake, we would be interested. For us to buy a small interest and just be along for the sleigh ride isn't the right model.
hope meaningful mike supportive venture
I have communicated to Mike that we are supportive of his new venture and hope to be able to make a meaningful investment.
effort expertise gives growth leg team
More of our growth over the 5 to 10 years will come internationally than nationally. Having their expertise as part of the team effort really gives us a leg up.
cause examples happen history hurts legacy simply strong taking
When things happen that cause (our) legacy and history to be tarnished a little bit, it hurts all of us. It hurts me personally, ... Examples like that are simply not acceptable, and we're taking very strong action.
expand helping jim peacemaker
Jim is really going to be helping us expand the footprint. We don't need a peacemaker internally.
behind cases chapter difficult history key major priority resolve
It is a key priority for Citigroup to resolve major cases like this one and to put a difficult chapter in our history behind us,
good
I feel very good about our competitive position.