Sun, Nov 04, 2007 - Page 11 News List

Citigroup chief Prince to quit: report

ANOTHER ONE GONE Speculation that Charles Prince's job was in jeopardy was fueled by a US$6.5 billion Q3 writedown and an SEC probe into the group's acquisition of SIVs

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Other chief executives who have come under fire include Bear Stearns Cos' James "Jimmy" Cayne. The Journal, in a front-page story earlier this week, said he spent 10 of 21 working days in July outside the office while two of the company's hedge funds collapsed. Cayne denied that he "engaged in inappropriate conduct" in a memo sent to employees.

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