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Tag Archives: Jack Welch

Has the Prince Blown It?

Another top executive is leaving Citigroup. Last month, the giant New York-based bank lost its president, Bob Willumstad. Now Marge Magner, the Citi’s head of consumer banking, is bowing out. Predictably, the Wall Street whisper circuit is crackling — or is it cackling?

So Long To Hank

It looks as if the regulatory squabbles at American International Group (NYSE: AIG) are about to claim a big victim. Today’s Wall Street Journal says that AIG’s board met over the weekend to hammer out a retirement deal for 79-year-old Chairman Maurice R. “Hank” Greenberg.