Tuesday 20 April 2010
Prince Alwaleed:Citigroup CEO Has His 'Firm Backing'
Saudi Arabian billionaire Prince Alwaleed Bin Talal, Citigroup Inc.'s (C) biggest individual shareholder, said Monday that Chief Executive Vikram Pandit has his "firm backing," and congratulated the company on posting a first-quarter net profit of $4.4 billion.
"Citigroup has demonstrated its ability to overcome the recent economic obstacles," Alwaleed said in an e-mailed statement.
"I commend Citigroup's performance and the management of Citigroup under the leadership of Pandit who has my firm backing," he said.
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