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.
ambitious best business caliber carefully company decisions dedication experience future given growth lead leaders leverage management needs pace plans proud respond reviewing strategic strong structure support talent team within
We have ambitious plans for the future and significant growth opportunities for our company, and we have been carefully reviewing how we can best leverage the talent and experience within our management team in support of our goals. This is a strong management structure and a strong management team to lead our company given the needs of our business and the accelerated pace at which we must make strategic decisions and respond to the needs of our customers. I am proud of the caliber of our next-generation of leaders and their dedication to our future.
across banking consumer continued corporate customer equity fixed generate grew growth including income increased investment record revenue robust services smith strong volume
Corporate and investment banking revenues increased 35%, including record revenues in transaction services and strong revenue growth across fixed income markets, equity markets, and investment banking, ... In Smith Barney, revenues grew 13%. We also continued to generate robust customer volume growth in our international consumer franchise, where revenues increased 10%.
business continued financial generate strength strong underlying
The strength of our business franchises continued to generate strong underlying financial results.
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.
across activity banking benefits businesses client consumer corporate generate globally growth helped included investment offset pleased quarter record results seeing strength strong weaker
I am very pleased with our first quarter accomplishments, which included strong growth in client activity across many franchises. 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.
clearly extending focus franchise
We have said pretty clearly that our focus is on extending the franchise transactions.
consumer continues expanding face franchise good interest pricing rate
Our U.S. consumer franchise continues to face a challenging interest rate and pricing environment. I feel very good about how we're expanding internationally.
expand helping jim peacemaker
Jim is really going to be helping us expand the footprint. We don't need a peacemaker internally.
type
We're not going to do big, complicated deals. We are going to do string-the-pearls, extend-the-franchise type of deals.
business consumer grow opportunity
We have the opportunity to grow the consumer business dramatically.
town
No town of 300,000 wouldn't have a jail.
capital corporate driven excellent markets performance
excellent performance in our corporate and capital markets driven businesses.
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.