Story 444: I am surprised there aren’t more stories here about the egregious misconduct of the Tech & Data team. When I was there, I saw things that made my head spin. I submitted more than one ethics complaint, which is probably why I was eventually displaced.
The goings-on by Fraser’s COO (who has been effectively demoted and sidelined in recent years after his spectacular failure at running Wealth – nearly into the ground) and the CTO (who would brag about Fraser’s attendance at his personal Christmas party in Dallas) were nothing short of shocking.
Blatant cronyism and nepotism were the order of the day, with personal relationships and loyalty taking precedence over competence, accountability, and basic standards of conduct. Which begs the question: What exactly is Citi’s Board of Directors overseeing? And how independent can a board really be if this kind of behavior is allowed to persist at the highest levels of management?