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"I never thought that you had to say to people, 'We want to grow aggressively--and don't forget not to break the law.'"
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- Author(s): Loomis, Carol J.
- Source:
Fortune; 11/29/2004, Vol. 150 Issue 11, p114-122, 6p, 3 Color Photographs, 1 Graph
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- Abstract:
Presents an interview with Citigroup CEO Chuck Prince on corporate scandals, profits, and the company's stock. Consideration of how Prince began a new era of ethical business practices at Citigroup when he succeeded Sandy Weill; Reference to how the company had to pay a fine of $70 million to the Federal government due to accounting aberrations; Focus on the continued pressure on the company's employees to meet quarterly targets due to the financial demands of the market; Process of changing the compensation metrics at Citigroup; Trend for the annuity business to fall in Japan; His disdain for those CEO's who spend too much time personalizing their position in order to approach celebrity status.
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