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The CEO Formerly known as Prince

Started by ybpguide · 9 months ago

“Charles Prince’s departure has been called “retirement,” which would entitle him to at least the $147.1 Million for his time at Citigroup,” reported the New York Times. The only wildcard left outstanding now will be his severance pay. 
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3 comments

  • Ya moms

    1 year ago

    I think after that Home Depot CEO got that boatload of cash, the golden parachute as we knew it was definitely in jeopardy.

    Hmmm. Peter Wuffli was bumped from UBS this summer. No package. Henry Paulson left Goldman for the government gravy train (although he was at the helm while Goldman was building up a hefty portfolio of bonds backed by various mortagages). But he still got nearly $20 million in a year-end bonus. Stan got the boot with no package, but don't get it twisted... Stan got paid. He was still good for over $150 million because he was able to keep his stock options that hadn't even vested yet. I think Chuck Prince will still get a severance package (albeit modest) because it doesn't appear that he has been recently involved in any questionable dealings. Can't say the same for Bear Stearns CEO nor Stan... But I think CEOs are well taken care of upon their exit, even if it doesn't involve cold hard cash. Maybe they get to keep unvested options or access to the private jet. lol they'll be aight-
    reply
  • Ya moms

    1 year ago

    Oh, good call with the article title.
    reply
  • Greg

    1 year ago

    Yeah, Stan definately will not be starving, that's for sure. But do you buy all that about him talking about a merger without the board's concent? Doesn't sound like something a 10+ year vet would do.
    reply

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