November 4, 2007 4 Comments

The country club is growing…

Chuck Prince resigns

Chuck Prince, chief executive of Citigroup since 2003, has resigned. Prince is being temporarily replaced as Citi chairman by Bob Rubin, who was Treasury Secretary for most of the Clinton years. Win Bischoff also will serve as interim chief executive.

The country club of bad former chief executive officers is growing. Now that Chuck Prince and Stan O’Neal are out, I’m thinking there are still a few men left to join the ex-CEO party…

Bad CEOs: Cayne, Mozilo, Farha, and Halvorson

That’s: Jim Cayne (Bear Stearns), Angelo Mozilo (Countrywide), Todd Farha (WellCare), and George Halvorson (Kaiser Permanente).

Good luck, gentlemen.

This story was originally posted at justendeal.com.

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4 comments so far

  1. Sierra Smith 2007 November 5 7:49 am

    …And I think G. Halvorson’s face fits in pretty well there, don’t you?
    Maybe just maybe, someday it will become reality!

  2. CW 2007 November 5 2:16 pm

    Mozilo looks like he spent a little too much time at the fake tanning salon. I can see the headline now:

    “CEO tans while Countrywide burns!” :lol:

  3. Johnny 2007 November 5 4:02 pm

    What a sad bunch those four are.

  4. Sierra Smith 2007 November 5 5:10 pm

    That’s probably how Mozilo actually got the tan, he was standing too close to the fire!

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