Fortune 500 rank: 8 (Previous rank: 8)
2006 Revenues (millions): $146,777
Headquarters: New York, NY
Get quote: C
As operating expenses ate up new revenue, profits fell by 12% at the banking giant, which trailed the other Wall Street firms last year with a lagging stock price. A management shakeup ensued, with CEO Chuck Prince naming Robert Druskin as COO in December. Prince later removed Sallie Krawcheck as CFO, who became head of the company's global wealth management division after that unit's chief, Todd Thompson, quit abruptly. In April, the company announced plans to cut 17,000 jobs.
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