To: *IB NA Business ManagersSubject: New Expenses Policy - Nov 20, 2008
Please note that there was a new Citigroup Expense Management Policy
published today which is located on CIBIX.Items of note and effective immediately are:
1) Late working (OT) car and taxi service has been moved to 10pm
2) Employee celebratory events and holiday parties are non-reimbursable
3) All Non Revenue Generating Travel requires pre trip approval by an
exception approver4) Spousal Travel is non-reimbursable
Show of hands, who wants to get laid off now? As an aside, there are unhealthy levels of jealousy coursing through my body directed at the lucky bastard with the title of "Exception Approver," a job I'm pretty sure I could go to town on. "No. No. No. No. No. Maybe... No...No...No...what are you going to do for it? No...No...No....ye-No...No...No...dance for me..no."
Posted by guest , Nov 20, 2008 4:20PM
You get to work in spiked boots if the are the exception provider...
Posted by guest , Nov 20, 2008 4:25PM
Way to save on that 1.2 months of severance...
Posted by guest , Nov 20, 2008 4:31PM
if you take HR on the overnight, can you still submit for reimbursement? And do you need to ask her to submit -- or is the Four Seasons submission automatic?
Posted by guest , Nov 20, 2008 4:32PM
Damn, it feels good to be an Exception Approver!
Posted by guest , Nov 20, 2008 4:33PM
John Q. Analyst - "Hey buddy, can you leave the time blank on that receipt, please?"
Driver - "What time you need?"
John Q. Analyst - "Oh, 11 o'clock would be great, thanks so much"
Posted by guest , Nov 20, 2008 4:38PM
bess, if those changes would get anyone to quit... they better not expect to find work out in the real world.
Posted by guest , Nov 20, 2008 4:38PM
I bet expense reports are hard to read in black and white on double-sided paper.
Posted by guest , Nov 20, 2008 4:43PM
Deck chair re-arranging on Titanic
Posted by guest , Nov 20, 2008 4:47PM
haha @8 - Love the Titanic analogy
Posted by guest , Nov 20, 2008 4:49PM
@5 spot-on! and on the way do you mind picking up a couple of my buddies in meatpacking dist
Posted by guest , Nov 20, 2008 4:50PM
haha @8 - Love the Titanic analogy
Posted by guest , Nov 20, 2008 4:57PM
The Over/Under on Pandit's survival at C is February 15th. The wager window is open.
Posted by guest , Nov 20, 2008 4:58PM
Some more gems from the Citigroup Expense Management Policy published on CIBIX:
* You can only use 4 sheet of toilet paper per poop, unless you have a real messy bowel movement that is approved by an exception approver.
* If its yellow, let it mellow. If its brown, flush it down.
* Printing must be done on the four edges of paper in black and white in addition to both sides.
* If you visit a client or happen to be in a resaurant, please take as much sugar, Splenda, salt, pepper, ketchup as you can fit in your personal baggage. The booty should be turned into an MD for distribution.
Tank you berry berry much,
Virkam P.
Posted by guest , Nov 20, 2008 5:12PM
Hey 13. Papadum.
Posted by guest , Nov 20, 2008 5:13PM
Hey 13. Papadum.
Posted by guest , Nov 20, 2008 5:14PM
Hey 13. Papadum.
Posted by guest , Nov 20, 2008 5:15PM
The exception approver must get a lot of tail from play-to-pay efforts...
Posted by guest , Nov 20, 2008 5:16PM
Piss in a cup at your desk. Improves productivity and saves water.
Posted by guest , Nov 20, 2008 5:40PM
I just checked with the exception approver.
Spousal Travel is non-reimbursable, but they will continue to reimburse for Mistress Travel.
Posted by guest , Nov 20, 2008 5:58PM
C is the new Bear
Posted by guest , Nov 20, 2008 6:01PM
Electricity will be generated by pedaling quickly on a bicycle which will be attached to a light bulb. Saves on Gym membership too
Posted by guest , Nov 20, 2008 6:01PM
Electricity will be generated by pedaling quickly on a bicycle which will be attached to a light bulb. Saves on Gym membership too
Posted by guest , Nov 20, 2008 6:04PM
Citi won't hit bottom until the axe the "exception approver" position. If they have the luxury of granting exceptions they have too much money.
NO EXCEPTIONS!
Posted by guest , Nov 20, 2008 6:10PM
heard 30% of TMT ib was axed ... no first years though
Posted by guest , Nov 20, 2008 6:16PM
And you guys really wonder why guns are outlawed from NY? Bang! Bang! Bang!
Posted by guest , Nov 20, 2008 8:29PM
WTF...they used to reimburse spousal travel??????
Posted by guest , Nov 20, 2008 10:41PM
" Executives at Citigroup Inc., faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or even selling the company outright, according to people familiar with the matter.
The internal discussions are at a preliminary stage and don't signal that Citigroup's board and management are backing down from their insistence that the New York company has ample capital, funding and strategic direction, these people said. But with the stock down another 26% Thursday, its worst one-day percentage decline ever, Citigroup officials have decided they need to reckon with a range of scenarios that ..."
WSJ - 11/21/08
Posted by guest , Nov 21, 2008 2:33AM
WE NEED SANDY WEILL AND THE RED UMBRELLA STAT!
Posted by guest , Nov 21, 2008 4:33AM
Who could buy them thou... Probably only Goldies!!
You heard it here first GoldenCiti is formed!
Posted by guest , Nov 21, 2008 5:25AM
CNBC Asia: Citi in advanced talks with Goldman
Posted by guest , Nov 21, 2008 5:41AM
QuittiGroup
Posted by guest , Nov 21, 2008 8:10AM
Exception Approver....now that is a job growth area for the Street
Posted by guest , Nov 21, 2008 8:11AM
mandatory overtime till 1am is next, so they can shred all their documents before shitty goes bankrupt.
Posted by guest , Nov 21, 2008 8:34AM
Combined entity will be named Sachs and the Citi
Posted by guest , Nov 21, 2008 8:54AM
@34 Brilliant.
Posted by guest , Nov 21, 2008 9:17AM
GroupSachs?