JPMorgan Gains Gore Citi
While some directors including Time Warner(TWX Quote) chief Richard Parsons have expressed support for the embattled CEO, there's a sense that others on Citi's board may be losing patience with Prince.
Prince's words during a Monday morning earnings call were particularly telling. He described the company's third-quarter earnings declines as "greater than would have been expected from that market dislocation" and conceded that the numbers "simply reflect poor performance." JPMorgan's solid showing will only make it harder for Citi's board to overlook that poor performance.- Loading Comments...
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