As a manager I saw the termination for more than 10 women in wealth business director level or above and no men were considered for the restructuring. This was not result based. When they send the JOB Restructuring package they include age but not gender as most women are being laid off.
Thank you to Story 259 for testifying that even men think Citi is a professionally bankrupt environment. The baseless arrogance in this place is staggering — particularly given how little actual capability underlies it. When MDs were pushed out in the 2023 reorganization, some called the Big Four looking for positions and couldn’t be placed…
RE: Story 268 Fair enough but how would hiring more women into leadership roles or sponsoring them mitigate any of the risks indicated in your examples? You appear all over the place and are criticizing without rhyme and reason. Let’s cut Jane some slack. She has done a wonderful job which should be celebrated.
I worked for a small firm that was bought last year by a large bank. During the transition period, I was informed that my title and responsibilities would be “changing.” I was then demoted from an Associate back to an Analyst and told this was a policy that was “standard” and “would apply across the…
Barron’s ran a big profile on Jane Fraser and Citi’s turnaround this week. It’s a good read — if you’re an investor. For those of us who have watched this story from the inside, we know better. The article notes that a wave of executives has departed. That a law firm was hired to investigate…
How Many Voices Does It Take? One cannot help but think of Harvey Weinstein as Epstein’s extensive network of evil slowly absorbs into public consciousness. In a public video, Mariska Hargitay relayed something chilling about why Weinstein finally fell: there were “too many women’s voices” to ignore. Take a moment to process the implications of…
I worked for 10 years in the industry on the trading floor at two bulge bracket US banks. I started as a graduate and very quickly learned what it took to succeed as a woman – ‘wear shorter skirts’ I was told, followed by rumours that I had only been hired because the boss wanted…