TheNewsRoom | Future bleak after Citigroup CEO exit

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Future bleak after Citigroup CEO exit

November 06, 2007

Former Citigroup CEO Charles "Chuck" Prince's departure over-the-weekend came nearly one-week after Merrill Lynch CEO Stanley O'Neal retired. Both financial powerhouses announced big third-quarter losses due to sour investments associated with subprime mortgages.SPEAKER: Charles Peabody, founding partner, Portales PartnersConway G. Gittens reports from New York.