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In a memo to staff outlining the plan, Mr Prince said the goal was to be "the most respected global financial services company" .
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On graduation he worked in the Nixon administration, setting out his philosophy in a 1973 memo: "I take a hard-nosed critical approach. "
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But his "last-ditch effort" is simply "at slowing things down" , and this bold venture takes the form of typing another memo to his boss.
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