Here’s an irony only Citigroup could pull off: placing the Women’s Network under the leadership of a man whose own organisation has managed to “disappear” an astonishing number of high-profile women since he arrived, while proudly welcoming an army of white men to save us from diversity.
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 am shaking as I write this. I have spent a long time suppressing what I have experienced, largely out of fear. Fear of retaliation, fear of attaching my name to something that could have consequences for my career. I am a current employee based in Florida and have worked on the Technology side of…
Female. At Citi for more than ten years. UK. At one point my manager a male MD pursued me relentlessly. I did not report it. My belief, right or wrong, was that HR existed primarily to protect the senior person, not me. Speaking up felt indistinguishable from career suicide, so I handled the situation quietly…
To the community, I’ve been reading the stories here for some time, and like many of you, I recognize the patterns. Most recently from Stories 331, 327 and 324, but there are many others. While our individual experiences may not strictly be the same, and each deserves to stand on its own terms, I think…
Fraser’s “Culture Shock” vs. The Middle Management Reality Check Let’s put two realities side by side and look at what’s actually happening on the ground at Citi. A senior executive recently justified the ongoing turbulence by saying it is usual “to have fallout when you bring in new leaders, and that’s exacerbated when you bring…
Bloomberg published a lovely profile of Jane Fraser today, crediting her “serious political savvy” for Citi’s recent turnaround. What struck me isn’t what the story said. What struck me is what it didn’t. The piece praises Fraser’s ability to navigate Trump’s ego but never acknowledges that, just a few years ago, Citi was among corporate…