Prince exits property

Charles Prince, he of Citi fame, will be forced to move back into his Park Avenue apartment after putting his Greenwich, Connecticut, mansion up for sale.

The five-bedroom, 2.3-acre property will go on the market with an asking price of $6.15 million. Apparently, the property “no longer meets his needs”, although whether those needs refer to the swimming pool and exercise room or a dining room big enough to seat 12 is unclear.

Or maybe Prince just needed to free up some capital in light of House Oversight and Government Reform Committee chairman Henry Waxman’s investigation into executive pay related to sub-prime losses.

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