Chuck Prince heads for the exit.
At least, that’s what intrepid Wall Street Journal reporters Sidel, Langley, and Zuckerman say:
For all I know, Prince may be a swell human being — I hope he is. But it’s long been clear that he’s not up to the job of running Citigroup. Maybe nobody is; maybe the mega-bank has finally gotten too complicated to work.
In case you missed it, here is my argument from October 23rd explaining why Prince is the wrong person to lead Citi.
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[...] lost in the weekend shuffle as Chuck Prince departs Citigroup is this little gem from the company’s other Sunday press release: Citigroup Inc. [...]