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“Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.”
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These were the words of Chuck Prince in September 0f 2006 at the height of the real estate boom. If only he had followed up his words with actual actions Citigroup would not have been in the place that it finds itself: "Bailed out by the Taxpayers".
Read the complete NY Times article on how Citigroup followed the path to self destuction
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