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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (13715)	10/20/2004 5:04:45 AM
From: mishedlo	Read Replies (1) of 116555

NYT on Citi nytimes.com Three senior executives at Citigroup were forced to resign yesterday as Charles O. Prince, the firm's chief executive, delivered on a promise to improve the bank's sullied reputation in the aftermath of its private banking operations being shut down in Japan last month. The three who resigned are Deryck C. Maughan, the chairman of Citigroup's extensive international operations; Thomas W. Jones, the head of the bank's asset management division; and Peter Scaturro, the chief executive of private banking. All were members of the firm's management committee and their departures represent the most significant exodus of top executives since Mr. Prince succeeded Sanford I. Weill as chief executive a little more than a year ago.

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