Perks

This Is The First In A Series Of Anti-Knowledge Initiatives That Will Culminate In Hiring First Years Who Can’t Read

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Morgan Stanley is said to be cutting back on its b-school tuition reimbursement, from 100 percent to 10k a year. “Sucks for those of us working through 10k/quarter part-time programs,” said our tipster who just wants to learn, damn it. “This sets me back 50k or so. There goes the last of my loyalty to the company.”

Citi Finding Innovative Ways To Further Demoralize Employees

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Citigroup, fighting to keep its title as one of Wall Street’s most innovative investment banks when it comes to demoralizing employees, has begun charging lower-level employees to use the investment bank’s box seats at sporting events, the Wall Street Journal’s David Enrich is reporting. Top executives, of course, still get to enjoy the perk gratis.
Does anyone know how much Citi charges for box seats? Are they offered at cost? Or does Citi at least offer some kind of discount to those beleaguered junior bankers who have somehow survived the 30,000 deep cuts off Citi has already made or is planning to make? Also, does buying the seats automatically move you toward the bottom 5% of the bank that chief executive Vikram Pandit has promised to fire every year? After all, if you have time to seat in the box seats, you obviously aren’t working hard enough.
Citigroup’s Pandit Faces Test As Pressure on Bank Grows [Wall Street Journal]