They see your firing and raise you a $25 million lawsuit. Continue reading »
firings
On Tuesday afternoon, Yahoo Chief Executive Officer Carol Bartz was notified that her services at the company were no longer necessary. The message was delivered over the phone and the fact that she wasn’t given the respect of a face to face meeting wasn’t the only thing that ticked Bartz off. “I was in New York to speak at Citigroup’s technology conference the next day and was told to call chairman Roy Bostock called Bartz. I called him at 6:06,” she told Fortune. “When he got on the line, he started reading a lawyer’s prepared statement to dismiss me. I said, ‘Roy, I think that’s a script. Why don’t you have the balls to tell me yourself? I thought you were classier.’” While it’s unclear why Bostock lacked the pair or the grace to go extempore, Bartz is pretty sure she knows why she was canned.
“These people fucked me over.” She adds, “The board was so spooked by being cast as the worst board in the country. Now they’re trying to show that they’re not the doofuses that they are.”
Well consider your plot foiled, boys! If anyone thought Bartz was going to go quietly, or go period, they thought wrong. Girlfriend’s not going anywhere, this much she promises you. Continue reading »
HR Assistant Fired For Questioning Fairness Of Her Salary Versus The CEO’s On Facebook
By Bess Levin
Until recently, Stephanie Bon, pictured, was working as an HR assistant for Lloyds, making £7/hour. The Chief Executive officer of the bank, António Horta-Osório, makes £4,000/hour (or £13.5million annually). Is this pay disparity fair? Stephanie didn’t think so! Continue reading »
Morgan Stanley Fires Employee For Offering To Clean Guinea Pig Cages, Other Services On Subway
By Bess Levin
Until early September of this year, Solomon Lederer rode the B train from his apartment in Brooklyn up to Morgan Stanley’s offices in midtown without interacting with his fellow commuters. But he wanted to. Underneath his blue shirt and black pants beat the heart of a guy with a dream. Namely, to “make the commute more interesting and productive.” His idea was to link up riders who needed favors with other riders willing to perform them (for example, Lederer needed someone to help him with “a fun little script-writing project” and in exchange offered anything from dog watching, closet organizing; a woman needed her soiled guinea pig cages cleaned, and in return she was offering to do anything “within reason and the confines of legality”). Mostly though, he was just about the people connection. Mixing things up. That kind of stuff. So he printed up some flyers, stuffed them in his man satchel and set out to do just that. Continue reading »
Terri Dial, Chief Executive Officer of Consumer Banking in North America, and apparently not one of Vikram’s favorite gal-pals, is leaving for “personal reasons.” But that doesn’t mean you and Citi can’t SHINE ON! in her absence
From: Terri Dial
Date: January 12, 2010
Every journey faces twists and turns. My decision to move to a Senior Advisor role at Citi marks an important, unexpected shift in direction for me. As much as I have enjoyed my time leading North America Consumer Banking, I must now focus all my energies on my family. That is my top priority. Fortunately, I make this change with complete confidence in the direction of our consumer business for North America and the progress we’re making to put customers at the center of everything we do.
As you continue to journey forward, now under the direction of my talented colleague Manuel Medina-Mora, I ask you to always work to earn the right to serve our customers’ lifetime financial needs. We’ve ushered in a new era of simplicity, honesty and transparency in our consumer business. So remember to SHINE every day. Keep striving to get the fundamentals right for our customers and exceed their expectations.
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