Tuesday, April 22, 2008

Can anyone run Citigroup?

Let us now consider a famous business convulsion. A year ago the largest banking company in the world, Citigroup, was weeks into one of its best quarters in history. It was invincibly marching toward $6.2 billion in profits for the period, a matter so heartening for Citi's oft-maligned CEO, Charles O. Prince III, that as early as May he was astonishingly inviting reporters (like this writer) to come around and chat.



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[Source: Financial news of the day - CNNMoney.com]

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