Global 500 rank: 14 (Previous rank: 14)
Profits (millions): $21,538
Change from 2005: -12.4%
Get quote: C
As expenses rose 15% in 2006, net income slipped 12% from the previous year to $21.5 billion. But that was still enough to make it the fifth most profitable company in the world.
Some analysts chalk up the earnings dip to the inability of Citi's various units to exploit economies of scale. To help turn things around, CEO Chuck Prince brought in operational
guru Robert Druskin to oversee a cost-cutting operation.
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