Apparently Citi had a li’l slip up with its 401(k) match last week, for current and former employees, across the company. Some people received thousands more than they were supposed to get, others much less than they were owed. Big C’s all over the problem now, though, having taken the money back (presumably transferring it into a shoe box entitled “Vikram Pandit’s Zen Garden Fund“), and telling workers to sit tight. And to those of you bitching, Pandito suggests you reflect on how much worse it could’ve been.
From: [redacted]
Sent: Monday, April 06, 2009 6:19 PM
To: [redacted]
Subject: 401K Match
Hi All,
We are aware that many of you are finding discrepancies with your 401K match. This is a firm wide issue that is being investigated. We will get back to you once we have an answer.
Thanks,
[redacted]
Program Coordinator, Analyst & Associate Programs
re: your headline– I wouldn’t count on it.
is there anything they can’t fuck up?
Why are they still matching 401K contributions? Stop it now.
@3- it’s the one way they can tell employees Citi’s a better place to work than JPMorgan.
Off-subject: Back in the ’06 days, does anyone know what size the bonuses were for guys in Ops at BB’s?
@5- higher than they are now. any more questions?
He’ll never forget his first class at Hawaii. The 16-year-old New Yorker decided to wear a suit and tie.
“I sat next to some kid who had a bathing suit and surfboard (that) he left outside,” Parsons said. “He was getting sand on my suit. I was like, ‘What’s up with this?’”
http://breakingnews.nypost.com/dynamic/stories/C/CITIGROUP_PARSONS?SITE=NYNYP&SECTION=BUSINESS&TEMPLATE=DEFAULT&CTIME=2009-04-07-06-49-48
@6: Do you make vague, cliched statements when managing risk too?