Story 365 – I worked briefly at JPM after it acquired First Republic. My experience is that [REDACTED] is a menace, but that’s not what I came here to say. What shocked me was the degree to which employees behaved as though they were part of the Cult of Dimon. No matter how basic or…
Story 364 – this makes me wish even more that I had been in the room when Jamie Dimon told Marianne Lake she was no longer part of JP Morgan’s succession plan. Everyone knows how ambitious she is. The rumours that she turned down a generous retention package rather than remain in her role, keep…
I left the industry in the mid 2010s to start a marketing agency, having concluded that even the “good guys” are prejudiced against women. I was working at a Big 5 bank for a woman (let’s call her ‘S’) who may have been the hardest working person to walk the earth. She was married; her…
We are pleased to announce that our redesign is looking fabulous. Not only is the site gorgeous, it has search, the ability to upvote posts, make contact with journalists, and more! But due to the fact that Wall Street goes quiet in the month of August, we have decided to delay our go-live until early…
There is a Managing Director in the tech department in Tampa who is so insecure that he seeks affirmation from female subordinates. It manifests in a couple of ways. On one side are those given explicit leeway, with him stepping in to lead their meetings. The pretext is the stakeholders are difficult. You’d think that…
When corporate mandates meet executive privilege Despite Citi’s company-wide push to end reliance on consultants and contractors, ERM Tech & Data leadership secured a free-pass to keep external spending alive. Instead of investing in internal talent, budget was funneled to Big Four consultants (with a clear bias toward specific national networks) to drive strategy, at…
Citi’s consent order on risk management and the consent order on data are not independent. Yet, the organization has decoupled them to check the box on one while the prerequisite for doing it properly remains unmet. Out of strategy for closure. All the while understanding their dependency. Risk management systems rely entirely on underlying data….
Re: Story 359 The pattern is identical, even if the players change. In my case, the individual has been at the bank for over 23 years, proving how deeply entrenched this behavior is. A perfect example of this mindset: following a major reorganization, she openly stated she didn’t need to address negative employee survey feedback…
The USCC bully is finally being called out. It is unfortunate that it took this long for this leadership behavior to receive attention. If this is the individual I believe it is, these concerns are not new—they have been a consistent theme since she joined two years ago. Her leadership style has been rooted in…
“Owning it” only counts when it costs you something. USCC was warned that more cases would surface around a particular repeat bully and discriminator. A two-year record of actionable complaints wasn’t enough for them apparently. Now, more have surfaced. Two makes a trend. Three makes a pattern. Beyond that, are they cultivating a teflon class…