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These three sectors of business groups are comprised of 16 smaller subdivisions, which, coupled with Citi Alternative Investments, makes 17 distinct divisions of Citigroup.
Citi was founded in 1812 as the City Bank of New York. In 1998, a merger between Travelers Group and Citicorp gave birth to Citigroup. In recent news, Citigroup’s now former CEO, Charles “Chuck” Prince, stepped down from his position. This event marks the culmination of what many perceived to be the doomed failure of the oversized, over ambitious endeavor of Prince’s predecessor. In this paper, we will attempt to analyze the events that lead to the resignation of Prince in relation to Seeger and Ulmer’s idea of “responsible leadership...
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