Financial advice from Citi’s Chuck Prince? Xerox will take it
Citigroup’s Inc.’s shareholders have nothing but losses to show for Chuck Prince’s four-year tenure as CEO of the financial giant. Now he gets a chance to give advice to Xerox Corp.’s CEO, Anne Mulcahy: Xerox’s directors today elected Prince to join them on the copier company’s board. It just goes to show that even when CEOs fail massively, they rarely get kicked out of the club. Prince was ousted from Citi in November as the bank began to reel from losses on high-risk bonds. Citi had load
Original post by Life in Banking: