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The article reports that the board of directors of the French bank Societe Generale took no action on the offer to resign made by Chief Executive Officer Daniel Bouton, leaving him in his position. Anonymous sources indicated this decision may be a temporary one. Bouton is under pressure to resign due to the $7 billion in losses created though the fictitious stock trades of bank traded Jerome Kerviel.

Examines how Charles O. Prince, chief executive of Citigroup, is trying to revamp the reputation of financial giant Citigroup. Prince's reaction to the closing of Citigroup's private banking unit in Japan; Strategy of Prince, including a global tour of the bank's biggest locations in a campaign to change the company's culture; Comments of Prince; Question of how effectively a chief executive can change the culture of a company as large as Citigroup; Comparison of Prince with Sanford I. Weill, who remains Citigroup chairman; Management challenges; Overview of the company; Outlook.

Focuses on James L. Dimon, chief executive at Bank One. Implications of the merger of J.P. Morgan Chase and Bank One, which will create the second-largest bank in the U.S.; Biographical and career details; Comparison of Dimon with William B. Harrison, chief executive of J.P. Morgan; Dimon's eventual role as chief executive of the merged companies; Dimon's operational expertise as an executive under Sanford I. Weill, chairman of Citigroup; Outlook for the new banking giant.

Discusses the debate in Canada about whether or not companies should split the jobs of chairman and chief executive. Improvements in corporate governance at banks such as Royal Bank of Canada, the Toronto-Dominion Bank, and the Bank of Nova Scotia; How the Bank of Montreal prefers to uphold standards of American banks; Combination of the two roles at sixty percent of U.S. public companies; Effectiveness of the leadership of one individual who has both roles.