Citigroup's Prince promises cost cuts, less investment spending
Citigroup's Prince promises cost cuts, less investment spending
Citigroup CEO Charles Prince is looking to save money. The chief executive, speaking at Citigroup's annual investor day, said the company would cut investment spending to "less than half" of this year's level as he looks to build a "leaner, thinner" company. Leading the cost-cutting charge will be newly installed COO Robert Druskin.
Layoffs pending at Citibank. Read more.
posted by Victor Lloyd Smith @ 5:25 PM
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