Citigroup CEO out

Charles Prince, the CEO of the biggest bank in the US - Citicorp has been fired. He is blamed for much of the subprime substandard performance of the bank. The real estate mortage meltdown hit Citigroup hard. The big bank lost billions, actually $11,000,000,000 - thats a lot of zeros, and now the bank has one less zero.

Charles Prince, earned, well, was paid just under $26 million in salary, bonuses and other compensation. FOR WHAT? The guy was a joke.