Just as things were getting better for Chuck Prince the credit crisis roared its ugly head. Prince is once again under the gun and this time he may be forced to give up. As the bank warned on Monday that its third-quarter profit would slide 60 percent pressures grew again for Prince's head.
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I agree, Chuck Prince needs to resign, however I feel that the rest of the Board of Directors are some of the most experienced managers in the world. According to this Knowledge Map from NewsVisual http://www.newsvisual.com/newsvisual/2007/10/management-expe.html these Directors manage various companies and industries from finance to food to engineering. With this wealth of experience they should be able to help Citigroup rebound from this loss.
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