Global 500 rank: 14 (Previous rank: 14)
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; she 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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