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Charles O. Prince

Charles O. PrinceAKA Charles O. Prince III

Born: 13-Jan-1950
Birthplace: Lynwood, CA

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business

Nationality: United States
Executive summary: CEO of Citigroup, 2003-07

Succeeded Sanford I. Weill as CEO of Citigroup in 2003.

Under Prince's watch (17 September 2004), Citigroup's license to bank in Japan was revoked after evidence of illegal conduct (money laundering, overcharging customers) was uncovered. Also under Prince's watch was $2.65 billion in payments to settle fraud claims over the WorldCom scandal. An additional $2B in payments settled the Enron claims -- examiner Neal Batson found that Citigroup actively and knowingly assisted in Enron's managing of off-the-books bookkeeping. Prince resigned from Citigroup in 2007, after the company announced it was writing down $6.5B (expected to rise to between $8B and $11B) due to the subprime mortgage collapse.

His exit package, including share awards, share options and pension entitlements, totals about $95-million.

Wife: Margaret L. Wolff (attorney)

    University: MA International Relations, University of Southern California
    Law School: University of Southern California (1975)
    Law School: Master's in Law, Georgetown University
    Administrator: Trustee, Teachers College, Columbia University
    Administrator: Trustee, The Juilliard School
    Administrator: Trustee, Weill Cornell Medical College, Cornell University

    Citigroup CEO (2003-07)
    Citigroup Chairman and CEO, Global Corporate and Investment Bank (2002-03)
    Citigroup COO (2001-02)
    Citigroup CAO (2000-01)
    Citigroup EVP (1998-2000)
    Travelers Group (1993-98)
    Primerica (1988-93)
    Commercial Credit (1986-88)
    Commercial Credit Senior VP and General Counsel (1983-86)
    Commercial Credit (1979-83)
    US Steel Attorney (1975-79)
    Member of the Board of Citigroup (2003-07, as Chairman, 2006-07)
    Member of the Board of Johnson & Johnson (2006-)
    Member of the Board of Xerox (2008-)
    Bush-Cheney '04
    Council on Foreign Relations
    The Business Council
    Business Roundtable
    Democratic Senatorial Campaign Committee
    Friends for Harry Reid
    Friends of Giuliani Exploratory Committee
    Friends of Hillary
    Friends of Senator D'Amato 1998 Committee
    George W. Bush for President
    Gore 2000
    John Kerry for President
    National Republican Congressional Committee
    National Republican Senatorial Committee
    Obama for America
    Partnership for New York City Co-Chairman
    Romney for President
    Rudy Giuliani Presidential Committee
    Transatlantic Business Dialogue US Chair
    United Negro College Fund Director


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