In the last performance review cycle, it was mandatory for at least 5% of employees to receive the lowest grade (4). It’s an open secret that anyone with a 4 is being put on a PIP that’s deliberately impossible to pass, so they’ll all be let go of in 3 months with no pay out. It’s a way to keep the redundancy cycle going with no redundancy payments.
I’m a woman in my late 20s working on the buyside, and not enough is said about the role women sometimes play in undermining their peers’ careers. A few years ago, two of my colleagues were competing for a promotion, and one of them, in an attempt to get ahead, started flirting with senior bankers….
In my 20s, while working on a sales team at Morgan Stanley, I experienced repeated sexual harassment that became normalized. A well-known external wholesaler made unwanted advances toward me for months. At a firm-hosted event, he forcefully pulled me into a room, kissed and touched me until I pushed him off and left. The next…
To Story 247: Thank you for your new submission but we are declining to post it as the primary purpose of this platform is not to debate transcendentalism. Enjoy your weekend!
I am based in Citigroup’s New York office. While I cannot speak to other business units, the Equities floor regrettably lives up to its longstanding and notorious reputation for dysfunction. A small cadre of MDs and their favored allies effectively dominate the culture, fostering a cliquish environment. Although the Equities division now includes a notable…
As the chair of a fintech board, I want to respond to stories 227 and 228. BoD’s have a clear legal responsibility to set the tone at the top; oversee ethics, conduct, and culture; and address executive misconduct or systemic issues when they arise. The suggestion that, in both cases, conduct about an executive is…
I worked at Citi’s London office and was shocked by the overt sexism, misogyny, racism, and nepotism-driven promotions. While these issues exist in many organizations, at Citi they felt blatant, unchecked, and systemic. During my time there, I witnessed:– An alcoholic contractor (hired through nepotism) harassing multiple women, inside and outside the office, for months—while…