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
domestic expected few grow next
International GDP (Gross Domestic Product) is expected to grow substantially more than U.S. GDP over the next few years.
town
No town of 300,000 wouldn't have a jail.
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,
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.
consumer expect financial pleased quick results turn
I'm very, very pleased with our accomplishments and our financial performance. While I don't expect a quick turn in the U.S. consumer business, I do expect better results in the future.
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.
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,
type
We're not going to do big, complicated deals. We are going to do string-the-pearls, extend-the-franchise type of deals.
mix shift strongly
We are going to shift the mix strongly to international.
bunch key miss naturally sacrifice tension
There is naturally a tension between short-term and long-term, ... The key is, you can never sacrifice your long-term growth, your long-term reputation, to the short-term. You miss a quarter, you miss a quarter. You miss a bunch of quarters, that's a different matter.
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.
clearly extending focus franchise
We have said pretty clearly that our focus is on extending the franchise transactions.