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Prince Alwaleed: Why Chuck had to go
In a Fortune exclusive, Citigroup's biggest single investor talks about his disappointment in Chuck Prince, the bank's colossal losses, and his views on a successor CEO.
By Andy Serwer and Barney Gimbel, Fortune
(Fortune) -- In the midst of staggering losses and intense public scrutiny, former Citigroup CEO Charles O. Prince III could always count on the support of the company's biggest individual shareholder: Prince Alwaleed bin Talal bin Abdul Aziz al Saud. Less than a month ago, the Saudi prince, who owns 3.6% of the company, even dismissed a sharp drop in earnings as a "mere hiccup."
But Fortune has learned that Prince Alwaleed and other major shareholders agreed last week that, if Chuck Prince didn't offer his resignation after the news of the additional $8 billion to $11 billion writedowns, they would publicly call for his ouster. In an exclusive interview, Prince Alwaleed, speaking by phone from the desert outside Riyadh, talked with Fortune's Andy Serwer and Barney Gimbel about the final days of Chuck Prince's tenure at Citigroup (Charts, Fortune 500).
http://en.wikipedia.org/wiki/1998_US_embassy_bombings
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The 1998 U.S. Embassy bombings were a series of attacks that occurred on August 7, 1998, in which hundreds of people were killed in simultaneous truck bomb explosions at the United States embassies in the major East African cities of Dar es Salaam, Tanzania and Nairobi, Kenya. The date of the bombings marked the eighth anniversary of the arrival American forces in Saudi Arabia.[1] The attacks were linked to local members of the Egyptian Islamic Jihad, brought Osama bin Laden and Ayman al-Zawahiri to the attention of the US public for the first time, and resulted in the U.S. Federal Bureau of Investigation placing bin Laden on its Ten Most Wanted list.
http://www.forbes.com/profile/prince-alwaleed-bin-talal-alsaud
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Saudi Prince Alwaleed To Build World's Tallest Tower With Bin Laden Group
Just as the financial markets were beginning to crash in October 2008, Saudi billionaire Prince Alwaleed bin Talal announced he would build the world’s tallest tower, but then failed to move forward on the project. Today at a press conference in Riyadh, Alwaleed restarted activity on the skyscraper. He signed a $1.2 billion contract to begin building what will be called Kingdom Tower in Jeddah, Saudi Arabia — a building that will be taller than 3,280 feet (1,000 meters). The contractor [...] read »http://en.wikipedia.org/wiki/List_of_tallest_buildings_and_structures_in_the_world
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The world's tallest structure is the 828 m (2,717 ft) tall Burj Khalifa in Dubai, United Arab Emirates. The building gained the official title of "Tallest Building in the World" at its opening on 4 January 2010. It is taller than any other man-made structure ever built.
http://en.wikipedia.org/wiki/Declaration_of_war_by_the_United_States
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A declaration of war is a formal declaration issued by a national government indicating that a state of war exists between that nation and another. For the United States, Article One, Section Eight of the Constitution says "Congress shall have power to ... declare War".
http://en.wikipedia.org/wiki/List_of_fatwas
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http://en.wikipedia.org/wiki/Fataw%C4%81_of_Osama_bin_Laden
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http://en.wikipedia.org/wiki/Mufti
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A mufti (Arabic: مفتي, muftī, Turkish: müftü) is a Sunni Islamic scholar who is an interpreter or expounder of Islamic law (Sharia). In religious administrative terms, a mufti is roughly equivalent to a deacon to a Sunni population. A muftiat or diyanet is a council of muftis.
http://english.aljazeera.net/news/europe/2010/03/2010321321826236.html
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Ul-Qadri said he felt compelled to issue the edict because of concerns about the radicalisation of British Muslims at university campuses and because there had been a lack of condemnation of extremism by Muslim clerics and scholars.
The Minhaj-ul-Quran movement, founded in Pakistan in 1980, works around the globe to promote peace and interfaith dialogue.
http://en.wikipedia.org/wiki/Bin_Laden_family
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The bin Laden family (Arabic: بن لادن, bin Lādin), also spelled bin Ladin, is a wealthy family intimately connected with the innermost circles of the Saudi royal family. The family was thrown into media spotlight through the activities of one of its members, Osama bin Laden. The financial interests of the bin Laden family are represented by the Saudi Binladin Group, a global oil and equity management conglomerate grossing $5 billion US annually, and one of the largest construction firms in the Islamic world, with offices in London and Geneva.
http://en.wikipedia.org/wiki/Saudi_Binladin_Group
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The Saudi Binladin (or Binladen) Group (SBG) (Arabic: مجموعة بن لادن السعودية Maǧmūʿat Bin Lādin al-Saʿūdiyyah) is a multinational construction conglomerate and holding company for the assets owned by the bin Laden family, headquartered in Jeddah, Saudi Arabia. Considered the largest construction firm in the Middle East, Saudi Binladin Group recently signed a US$1.23 billion contract to construct the tallest building in the world, Kingdom Tower in Jeddah.
http://en.wikipedia.org/wiki/Kingdom_Tower
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On 2 August 2011, it was publicly announced by Kingdom Holding, the investment company, that a contract had been signed by Saudi Binladin Group (SBG), construction was going to start soon, and that the tower was expected to take 63 months (5 years, 3 months) to complete.[25]
http://www.kingdom.com.sa/en/mng_ExecChairman.asp
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Perhaps no single transaction has catapulted Prince Alwaleed to the world’s financial stage in as spectacular a fashion as did his acquisition in 1991 of Citibank (subsequently, Citigroup) stocks. Few people could then imagine that a Saudi Arabian, and a royal at that, would burst onto the international scene, seemingly out of nowhere, to invest so heavily in one of the major banks of the world and to help restore it to such health that it would become the leading financial institution in the world. Needless to say, this was not propelled by a sense of altruism, but by the impetus to act whenever suitable opportunities presented themselves. That investment has since brought Prince Alwaleed stellar returns, and as Citigroup’s largest individual shareholder, that segment of his total portfolio now constitutes the biggest portion of his wealth.
Significant though it is, the banking sector has not been the only focus of Prince Alwaleeds’s investment search. He has constantly scanned the spectrum for opportunities in other spheres. Over the years he has acquired substantial interests in a variety of sectors, such as hotels, real estate, media, broadcasting, entertainment, information technology, communications, upscale fashion retailing, supermarkets, health and education. Within this diversified portfolio there are investments in local companies including Savola, Tasnee, Saudi Research and Marketing Group (SRMG) and National Air Services Company Limited (NAS), and two significant real estate developments, one in Jeddah and the other in Riyadh. The portfolio also includes investments in the recognized international names of Four Seasons Hotels and Resorts, George V Hotel in Paris, Fairmont Raffles International Inc., Mövenpick Hotels & Resorts, Songbird Estates (Canary Wharf), Apple Inc., Time Warner, News Corp., Walt Disney, Euro Disney, PepsiCo, Procter & Gamble, Motorola, Hewlett Packard and Eastman Kodak, among others.
To view the comprehensive profile of the Chairman HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, (PDF format) Click Here
http://www.rumormillnews.com/cgi-bin/archive.cgi?read=37543
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It is through a network of Zionist organizations, in which Murdoch plays a central role, that Murdoch is connected to the individuals who arranged the privatization – and obtained control of the World Trade Center – shortly before its destruction.
These key individuals are: Larry Silverstein and the former Israeli commando Frank Lowy, the lease holders of dubious repute who gained control of the WTC property six weeks before 9/11, and Port Authority Chairman Lewis M. Eisenberg, who authorised the transfer of the leases.
http://iamthewitness.com/Italian-911-Conference-17Sep2006.html
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This theory seems possible, but why nobody is complaining about Silverstein?
In particular, the news agencies have been hiding the collapse of building seven, and they have been suppressing evidence that explosives brought down the buildings. Why would the news agencies protect Larry Silverstein? Why wouldn't the news agencies investigate Silverstein and try to be the first to expose his crime?
If we look more closely at Larry Silverstein, we discover that another of his friends is Rupert Murdoch, who controls many media outlets.
www.iamthewitness.com/Bollyn-Murdoch-Netanyahu.html
This would explain why Murdoch's news agencies do not expose the explosives in the World Trade Center buildings.
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