Citigroup Chief Is Set to Exit Amid Losses

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Mr. Prince will leave with vested stock holdings valued at $94 million on top of the roughly $53.1 million in pay he took home in the last four years, according to James F. Reda & Associates, a compensation consulting firm, and Equilar, a data provider. Included is a pension worth $1.74 million and another one million stock options, which have no current market value because of the stock’s sharp decline. They have a potential estimated value of about $4 million based on current estimated values — and possibly more if the stock rises. Severance would have to be negotiated; Mr. Prince has no employment contract.

Mr. Prince would become the second chief executive to lose his job in the wake of the subprime mortgage problems. Earlier this week, the chairman and chief executive of Merrill Lynch, E. Stanley O’Neal, was forced to retire after the brokerage firm reported an $8.4 billion write-down, the largest in its history, and an unauthorized overture to merge with rival Wachovia, that angered board members.

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