A lot people who work at Citi, relative to other banks and the finance industry at large, make shit money. Obviously, we’re not just talking about the first year rainmakers but up and own the food chain, Uncle Vikula included. But, as previously mentioned, there is one man who was compensated pretty nicely this year. Investment banking chief John Havens, who took home $9 million, making him the highest paid employee at the world’s largest diversified whorehouse. Those of you with the honor of working at the bank would probably like to know how you could break yourselves off a piece of that. The good news is, it doesn’t involve debasing yourself any more than you already have.
The bad news is it’s going to take some serious outside the box, revolutionary, cheapskate thinking, that will somehow translate to saving Citi tens, if not hundreds of dollars each year. ‘Cause that’s what John Havens did when he came up with the idea to ban color-copies and insist on using both sides, and that’s why he’s make making money money take taking money money, and his CEO buddy is getting paid a nickel.
Citigroup’s John Havens Was Paid $9 Million in 2009 [Daily Intel]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
He must have photos
Size 8 Kunstler Script, recycle velo strips, crush/snort excedrin, set-up cans w/strings on each floor, encourage morse code via conference.
Charles K. Gifford
BAC
Chief Rainmaker
"a nickel!"
bess, you get me.
-eurotrip fan
@1 yes, but black & white only. It's classier that way
John,
I'm going to show up to your office, politely ask the front desk to come visit, and then thank you sincerely for the inspiration you've provided.
~Jeff Macke
Don't use elevators. Cut holes in roof/floor, and climb up ladder, like sensy Sam.
-Clarissa, Explainer
i hear he also saved by switching to GEICO.
and you must be… the monopoly guy!
http://www.youtube.com/watch?v=Cj1wcs7SZj0
Bess you're tired. Time to go home …
He appears to also have cut out shampoo as a line item.
Bitter beer face !!!
It is only fair that all those dimes saved on color copies went towards that badass Hermes tie.
Bess i agree you are tired, typos are a sign. The day is over. i believe it ended at Sorkin. I am going back to making fun of that Predator looking chick with the nappy hair. you all are invited to join me.
Who knew Fester looked that good in a suit?
@9 what the hell are you talking about?
See what a government stimulus does with your money? Ain't this some shit and we get the bill.
@13 um, the typos would be where? oh, and no one gives a shit about your input.
@13 show us where the typos are, and then fuck off.
@13 don't tell bess what she is, or isn't, ever. peasant.
Mmmmmmmmmm…ALOPECIA!
@17,18,19
shhhhhhh. Quiet please! You are very noisy. Maybe its time fir your bedtime too.
-13
@13/21 still waiting for you to tell us where the typos are. would you like to start off easy, and go with the ones in your comment?
-17
"It is only fair that all those dimes saved on color copies went towards that badass Hermes tie."
***********
Why in the world would someone name a tie after a serious viral STD ????
~AIG Quant
Six Flags! More flags, more fun!
Maybe this is the reason my thousand shares went down the toilet. MB
This is truly rediculous. How on earth can Vikram fire so many and then pay this douchebag over nine million dollars. You are essentially saying that nobody else can do the job and that the revenues brought in would not come in otherwise.
What a statement about the Citi brand.
I would guess any single person on his staff could step into his shoes and carry the ball until the next JHavens comes along.
God this fucking pisses me off. And, I am a capitalist!
Our top guy in Primerica makes over $5MM a year, but thankfully we don't have to put up with all this compensation review shit because we are being spun off FINALLY (and we are independent reps).
I still won't forgive ShitiBank for forcing us to cancel our Atlanta convention when the whole damn thing is paid for with our own money. Would Citi pay for my $150 change fee on Delta? Nooooo.
"This is truly rediculous. "
what's "rediciulous" [sic] is your spelling.
@26 DB is not the place to vent about stuff like this. Please examine your motives and your spelling.
@28…placing the {sic} disclaimer in your sentence after you put the poorly spelled "rediculous" in quotes was redundant.
~NYT stylebook editor
@24, well played, Sir.
@30 wrong.
@27 I can't believe you admitted to working at Primerica
@24: Thanks asshole. Now I got the Venga Bus song stuck in my head.
@33 There is no criticism you can dish that I haven't heard and dealt with many times before. Oh, and I haven't seen an Unemployment Office since working my way through college in 1991. Is 2010 the year you adjust your stereotypes?
Ouch @33. Burned by a Primerica employee.
@9/13 "that’s why he’s make making money money take taking money money"
was clearly intentional, you fucking retards.
-snoop dogg
citi really does underpay employees. i work in research. they tell us that they pay in line with competitors. but what they don't say is who they consider the competition to be.
apparently, they are using a simple average based on a wide range of firms. smaller firms – like jmp, piper – pay a lot less than the bulge brackets. because there are so many smaller firms relative to bulge brackets, the simple average is well below the bulge bracket average.
the consensus seems to be that we're over 50% below other bulge brackets.
I'll tell a true story. Back in the Morgan days I worked in John's division. Everyone was scared to death of him, not because he was a bad guy, but don't ever try to bullshit him or you are dead meat. Anyway, during a downturn John told everyone to cut expenses and entertainment. So he takes my group out to dinner to talk about the business and the need for cost controls. There was about 15 of us. I'm sitting next to John and notice that two 1st years associates order the steak and lobster. I mention it to John and said let's have some fun. When the food arrives and the waiter sets the tray next to the table, John jumps out of his chair and yells " WHO ORDERED THE FUCKING STEAK AND LOBSTER? I JUST SPENT THE LAST HALF HOUR TALKING ABOUT CONTROLLING COSTS AND SOMEONE ORDERS THE MOST EXPENSIVE ITEM ON THE MENU?" You should have seen the look on their faces. The waiter has the two orders in his hand and asks who ordered the steak and lobster? Dead silence. Hilarious.
@38. Considering CIT has a market cap of 12 billion and GS is 89 billion you are being vastly overpaid you little c*nt.
LEAVE CITI ALONE!
@39 give us more Mack the Knife stories
@ 41
Sorry Erin Burnett. how's your boyfriend at Citi doing?
He must be making a lot of money now.
@39 that's pretty funny. sounds like a cool guy. where are you now?
Havens sounds like a cocksucker.
Ridiculous was once spelled rediculous. But you boneheads are too young to remember.
WTF am I doing on this board anyway?
@45 "Ridiculous was once spelled rediculous."
sorry, no.
Havens is probably giving Vikkie $4.5mm of the bonus. These two assclowns already share half a brain. And do not forget the Old Lane lottery winnings so it is not a far fetched theory. Can we show these two circlejerkers the door already. They should be in jail.
@39: Thx-that was hillarious! Would like to hear more such stories on these boards.
The place is all office politics- anyone who bothers to get their hands dirty is branded a ditch digger for life and therefore never gets promoted or paid.
Employees there are akin to battered wives who have been told that it's even worse on the outside by their husbands (bosses).
Save yourselves and run for the nearest shelter!
PRIMERICA! WE HAVE THE POWER!!
Where did I leave my magic ring?
Looks like the offspring of Gollum, a turtle, and a foreskin.
I'd rather have a Primerica Power Builder ring (issued to me free of course), than be rounded up like cattle and told to report to Citi's cafeteria to purchase bed sheets.
http://www.youtube.com/watch?v=E_6-8msP5Rg