Story 320

Watching commentators on the Golf Channel discuss Phil Mickelson’s banishment from his club got me thinking about how when action against influential people occurs, it’s natural to wonder what happened behind the scenes. The public rarely has access to the full story, but organizations clearly understand that removing a prominent figure carries costs of its own.

It reminds me of [REDACTED], the high-profile Merrill Lynch executive hired in 2024 to run Citi’s North America Private Bank, replacing a respected leader who was forced out of the org but ended up landing as the Vice Chairman of BMO.

One minute [REDACTED] was introduced as a major strategic hire; just four months later, Citi did whatever it required to make the man a ghost.

I have no idea no what happened behind the scenes. I do know, however, that whatever it is, it has to be as scandalous (or worse) than Mickelson’s transgression. If it wasn’t, it wouldn’t be a story that required multiple lawyers – his own, Citi’s corporate shills, and that of his boss, [REDACTED]’s, personal attorney to make empty threats about defamation.

Notably, this guy hasn’t resurfaced anywhere in the last 18 months. I guess there is truth to the rumor they paid him handsomely to disappear forever in hopes that no further questions are asked that require answers.

Similar Posts

  • Story 75

    I joined Citi as an aspiring analyst in structured products. The desk didn’t have the best reputation, but I genuinely believed that hard work and commitment could change things — and that I could earn my place. I worked mostly with a French director. On good days, she was responsive and willing to teach. On…

  • Story 351

    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…

  • Story 273

    In October 2024, one month into his role as Head of Enterprise Data Office and Data Transformation at Citi, [REDACTED] declared in a town hall that he would close out the data consent order in 12 months. To understand the weight of that 12-month promise, one has to look at the four years of wreckage…

  • Story 361

    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….

  • Story 297

    Citi is so toxic it’s unbelievable. It feels like being in an abusive relationship, but with work. I will never forget one day couple years ago at the peak of intense pressure from my second level manager, I was waiting to cross the street on my way to work and I had a sudden passing…

  • Story 197

    This morning the Financial Times released a detailed story about Brad Karp, the longtime chairman of Paul Weiss, and his ties to Jeffrey Epstein — ties that had previously been downplayed by the law firm. The article states that Karp “appears to have been willing to push the boundaries of confidentiality rules to meet Epstein’s…