13 Facts About Charles Prince

Charles Prince is a former chairman and chief executive of Citigroup.

Charles Prince succeeded Sandy Weill as the chief executive of the firm in 2003, and as the chairman of the board in 2006.

Charles Prince continued his education, going on to receive a Master of Laws degree from Georgetown University Law Center.

Charles Prince started his career as an attorney with US Steel Corp in 1975.

Charles Prince was promoted in 1996 to executive vice president of the firm, which at this point, was known as the Travelers Group.

In 2000, shortly following the 1998 merger of Travelers and Citigroup, Charles Prince was named chief administrative officer of the newly created firm, Citigroup.

Charles Prince was promoted to chief operating officer in 2001, to chairman and chief executive of Citi Markets and Banking in 2002, and finally to chairman and chief executive.

On Sunday, 4 November 2007, Charles Prince resigned from his post as CEO of Citigroup due to the failing mortgage industry.

Charles Prince was replaced by Vikram Pandit as the CEO of Citigroup, and by Robert Rubin as its chairman.

Charles Prince left with an exit bonus valued at $12.5 million, in addition to the $68 million he received in stock and options he had accumulated during his career, together with a $1.7 million pension, an office, car and driver for up to five years.

Charles Prince serves in the influential trade group the Financial Services Forum, as well as a member of the Council of Foreign Relations, the Business Roundtable, and several other organizations.

Charles Prince serves as a trustee for several education institutions including Weill Medical College, Teachers College, and The Juilliard School.

Charles Prince formerly was a Senior Counselor to Albright Stonebridge Group.