Chuck Prince, chief executive of Citigroup since 2003, has resigned. Prince is being temporarily replaced as Citi chairman by Bob Rubin, who was Treasury Secretary for most of the Clinton years. Win Bischoff also will serve as interim chief executive.
The country club of bad former chief executive officers is growing. Now that Chuck Prince and Stan O’Neal are out, I’m thinking there are still a few men left to join the ex-CEO party…
That’s: Jim Cayne (Bear Stearns), Angelo Mozilo (Countrywide), Todd Farha (WellCare), and George Halvorson (Kaiser Permanente).
Good luck, gentlemen.
on Nov 5th, 2007 at 07:49
…And I think G. Halvorson’s face fits in pretty well there, don’t you?
Maybe just maybe, someday it will become reality!
on Nov 5th, 2007 at 14:16
Mozilo looks like he spent a little too much time at the fake tanning salon. I can see the headline now:
“CEO tans while Countrywide burns!”
on Nov 5th, 2007 at 16:02
What a sad bunch those four are.
on Nov 5th, 2007 at 17:10
That’s probably how Mozilo actually got the tan, he was standing too close to the fire!
on Jan 8th, 2008 at 04:40
[...] months ago, I joined quite a few other people in saying it was about time James Cayne resign from Bear Stearns. Bloomberg is reporting that an announcement will likely come this morning, [...]
on Jan 11th, 2008 at 08:43
[...] Stearns, the first exit of the four “top execs” I said might soon be sent packing (see the original post from back in November). Today, Angelo Mozilo sold his apparently nearly bankrupt Countrywide Financial to Bank of America [...]