I like to think that the job Prince had with Citi was like what Microsoft had prior to it started work on Vista.Microsoft’s one – okay, one of the – goal then was improving reliability: Security. Security. Security. While for Prince all answers lied in one word: Compliance. Now that both Vista and Prince are out, the task that remains is Apple and Google for Microsoft. And a not so friendly credit market for Citi.
It will be interesting to see how things play out in both Citi and Microsoft.
In a way even the ascent of Ray Ozzie and Vikram Pandit look the same. While no one will think of transplanting Pandit in Ozzie’s role (or vice versa), financial markets seem to “demand” as much innovation/ creativity as information technology.