Charles Prince

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Charles Prince

Charles O. "Chuck" Prince, III, born January 13, 1950, is the chief executive officer of Citigroup.

Before taking over Citi's investment banking business, Prince had been Chief Operating Officer of Citigroup. He started his career as an attorney with U.S. Steel Corp in 1975. In 1979, he joined Commercial Credit Co., a predecessor to Citigroup that Sandy Weill took over in 1986. From there, as Weill put together his financial empire, Prince was with him every step. Fortune's Carol Loomis last year described Prince as "a smart, logical thinker who's big in frame (almost 6-foot-4), in laugh, and in capacity for work. He is also an absolute Weill loyalist, who has promptly accepted whatever assignments Sandy has wanted him to take on." In 2003, Sandy called on him to take on the CEO role, as a "fireman" to clean up after the excesses of the 1990s.

Additionally, Prince currently serves as chairman of the influential trade group the Financial Services Forum..

Born in Lynwood, California, he received his bachelor's, master's, and law degrees from the University of Southern California, as well as a Master of Laws degree from Georgetown University.

According to Jim Cramer from CNBC's Mad Money he should be included under the definition of executive overcompensation. He has taken approximately US$93 million in compensation from Citigroup while adding little value in return. He currently occupies the #1 position on Cramer's Wall of Shame.