Prince Alwaleed’s Hit On Chuck Prince

Alwaleed.JPGWith the exception of all the office supplies he stole, Chuck Prince is leaving Citigroup with practically nothing ($27 million of stock, $1.3 million of options, $1.4 million of pre-existing benefits). At a time when he so desperately needs the shoulder of a friend to cry on, his best bud in the world has abandoned him. Not only that, but Prince Alwaleed bin Talal bin Abdul Aziz al Saud, the artist formerly known as Chuck’s best friend, PR flak and official apologist, has gone on the record to say he is extremely disappointed with the ex-CEO, and believes Prince let down the shareholders completely. Some friend! We mean, it’s true, obviously, but way harsh. Also, apparently the Chuck-man is effectively dead to Prince (or is just being sent a message to watch is back):

Q: Did you like Chuck Prince?
A: Yes, Chuck Prince was a good man.

This is almost too painful to watch. Do the days when Chuck could fuck up to his heart’s content and it not matter mean nothing to Prince? We just want to know where things went wrong, and refuse to believe the trillion dollar writedown is it. Alaweed’s comments point to something much, much darker. But what? Carney thinks it has something to do with a girl but he has no idea what he’s talking about.
Prince Alwaleed: Why Chuck had to go [Fortune]
Prince is the pauper [Breaking Views]

11 comments (hidden to protect delicate sensibilities)
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Comments (11)

  1. Posted by Anonymous | November 9, 2007 at 4:32 PM

    I must say, that’s a pretty effing kewl post Bess.
    Love the “danger” in the pic.
    Keep ‘em coming.

  2. Posted by L'Emmerdeur | November 9, 2007 at 4:46 PM

    And, since we are talking about the Middle East, a “girl” of Western origin will most likely refer to a sex slave, yes?

  3. Posted by Anonymous | November 9, 2007 at 4:51 PM

    OMG…. Yanni rocks!!!

  4. Posted by Anal_yst | November 9, 2007 at 4:56 PM

    Prince Talwaleed is a schmuck plain and simple. A month (or less) ago he was riding the Chucky-train (thats their secret word for it) loving life, and then when news that everyone knew was coming (especially the biggest shareholder) actually came out, all the sudden he’s like a baby without his bottle. Waaaaaaa, poor f’in baby.
    Although, it must be nice to know that you can lose a few hundred million on one holding and not really give a rats ass about it

  5. Posted by girl | November 9, 2007 at 5:16 PM

    carney might be onto something, that stache is fucking irresistible

  6. Posted by Anonymous | November 9, 2007 at 5:55 PM

    Another masterpiece by Bess. I even got my hanky out.

  7. Posted by Anonymous | November 9, 2007 at 9:56 PM

    a thie theina you need remember how to maka the monay

  8. Posted by Madison Avennue Guy | November 9, 2007 at 11:39 PM

    That pic looks like a rejected Hennesey ad.

  9. Posted by herodotus | November 9, 2007 at 11:49 PM

    It’s Balki!

  10. Posted by chris | November 11, 2007 at 6:24 AM

    Bess – you’re the Ty Cobb of Dealbreaker. Knocking out big hit after big hit and keeping your spikes sharp so you can draw blood. Keep it up and you’ll be in my heart’s hall of fame

  11. Posted by Euro Hedgie | November 12, 2007 at 10:03 AM

    Clearly the future goal of those rising to the dizzy heights of bank chairman will be to see how much you can cream off the top of a severance package post leading the most stupendous fuck-up.
    Future Chairmen beware, you will be judged at the pearly gates of Chairpeople Heaven (isn’t that a gay club somewhere?) as to how much you took home as a proportion of the banks losses, those with a lower percentage are doomed to the dark depths of the golf club changing rooms whilst being rogered senseless for evermore by the hunchbacked green keeper.