Perform or perish Saudi Prince tells Vikram Pandit

Saudi Prince Alwaleed bin Talal, who is a major shareholder in the Citigroup, has

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told the bank's Indian-American CEO Vikram Pandit that his two-year honeymoon is now over and 2010 is a make or break year for him.

"I don't threaten those CEOs that I meet but I told him (Vikram Pandit) that the market gave you two years leeway, but I think now it's time to deliver and 2010 for him is really the year to make it or break it and he has to deliver," Alwaleed told the Fox Business in an interview.

Alwaleed had recently met with Pandit and he had told him that he must deliver solid results in 2010.

"It's very important... For the shareholders that have been very patient with Citibank that the honeymoon is over now; two years is enough and I think he will deliver in 2010," Alwaleed said.

At the interview, the Saudi Prince also acknowledged that China is an economic power and eventually it would translate that into political power.

"China is a rising power. For sure now China is amassing huge power economically, financially, not yet politically, but I think eventually it is going to ask for this power to be translated to politics — no doubt about that," he said.

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