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
business continued financial generate strength strong underlying
The strength of our business franchises continued to generate strong underlying financial results.
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.
bullish growth prospects
We are very bullish on our growth prospects in India,
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%.
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.
business consumer grow opportunity
We have the opportunity to grow the consumer business dramatically.
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.
good
I feel very good about our competitive position.
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.