Story 33
I posted the below-story as a comment on the efinancialcareers.com site because in my opinion the standards women are held to at Citi compared to my former firm were so beyond pale it belies comprehension. Frankly, the stories are so crazy that most people wouldn’t believe them if they heard them.
When I was at Citi we hired a senior MD away from Well Fargo. It was a big hire, requiring reorgs and new hires. A few months in, a new CIO was hired. He immediately started insisting that he own everything in the MDs reach. Everything. Tech and business related. He pushed. He had blow ups in meetings. He went as far as to call her at home and tell her she should quit because she would have no role left. This went on for months until leadership caved and gave him what he wanted. Fast forward two years the WF MD had moved on and the CIO was moved out of his role for non performance. In all aspects, Citi got what they deserved. Ego driven ineptitude.