To: *IB NA Business Managers
Subject: 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 approver
4) 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.”
You get to work in spiked boots if the are the exception provider…
Way to save on that 1.2 months of severance…
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?
Damn, it feels good to be an Exception Approver!
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”
bess, if those changes would get anyone to quit… they better not expect to find work out in the real world.
I bet expense reports are hard to read in black and white on double-sided paper.
Deck chair re-arranging on Titanic
haha @8 – Love the Titanic analogy
@5 spot-on! and on the way do you mind picking up a couple of my buddies in meatpacking dist
haha @8 – Love the Titanic analogy
The Over/Under on Pandit’s survival at C is February 15th. The wager window is open.
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.
Hey 13. Papadum.
Hey 13. Papadum.
Hey 13. Papadum.
The exception approver must get a lot of tail from play-to-pay efforts…
Piss in a cup at your desk. Improves productivity and saves water.
I just checked with the exception approver.
Spousal Travel is non-reimbursable, but they will continue to reimburse for Mistress Travel.
C is the new Bear
Electricity will be generated by pedaling quickly on a bicycle which will be attached to a light bulb. Saves on Gym membership too
Electricity will be generated by pedaling quickly on a bicycle which will be attached to a light bulb. Saves on Gym membership too
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!
heard 30% of TMT ib was axed … no first years though
And you guys really wonder why guns are outlawed from NY? Bang! Bang! Bang!
WTF…they used to reimburse spousal travel??????
” 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
WE NEED SANDY WEILL AND THE RED UMBRELLA STAT!
Who could buy them thou… Probably only Goldies!!
You heard it here first GoldenCiti is formed!
CNBC Asia: Citi in advanced talks with Goldman
QuittiGroup
Exception Approver….now that is a job growth area for the Street
mandatory overtime till 1am is next, so they can shred all their documents before shitty goes bankrupt.
Combined entity will be named Sachs and the Citi
@34 Brilliant.
GroupSachs?