Story 371. Citibank is truly awful. Their lawyers are some of the most disgusting human beings I have ever come across in my life. I worked for Morgan Stanley and BlackRock before. Those places were decent compared to Citi. There is nothing decent about Citi. Their legal team does not sleep. They are extremely high…
The Fear of Accountability That Breaks ERM Tech & Data There’s a particular form of organizational dysfunction that has survived Fraser’s transformation narrative: the management practice of shuffling underperforming employees across the team, or considering them for an unearned promotion to prevent them from quitting. Why? To avoid creating an HR record reflecting poorly on…
I learned about this site today from a woman who is familiar with the high-profile lawsuits involving Citi. Coincidentally, [REDACTED] of Morgan Lewis, who is representing Citi in some of these matters, was one of the attorneys who represented Merrill Lynch in employment cases in the mid 2010’s. I know because I was a plaintiff….
Over 23 years at Citibank, this Managing Director has perfected a technique for removing targeted employees from impact long before they’re shown the door. The method is simple: quietly strip away their workload, redirect it toward favored staff, and systematically deny them the opportunity to demonstrate their abilities. By the time restructuring or layoffs arrive,…
The Citi managing director who drugged and raped women was sentenced today. The company’s response? “We cooperated with law enforcement as they sought justice for the victims of these heinous crimes.” How noble. It’s amazing how quickly institutions discover their moral compass once the FBI is involved. I bet a million bucks this wasn’t the…
A co-worker told me a certain Managing Director “hated me because I came from the team” that she had just taken over. I had made the productive and professional choice to leave that team due to undermining, bullying, retaliation and incompetent management. When she attempted to block my transfer (which had already been agreed with…
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…