It’s common knowledge among womenfolk that when one has a big date or otherwise nerves-inducing event to attend, the best way to tame those butterflies is to wear something that makes you feel hot (and/or do some shots beforehand). When you look good you feel good and when you feel good you can focus on the task at hand. For Mike Mayo, that date is Friday, when he meets with Vikram Pandit, the man who jilted him, for the first time in two years. Read more »
Vikram Pandit
The past couple years have been something of a kick the pants for Vikram Pandit and certainly not what he was expecting when he agreed to take on the role of Citi CEO in exchange for almost a billion dollars, plus the keys to his lemon, otherwise known as Old Lane. Previously a smiley, jolly fellow of a sunny disposition, he lost weight and found himself in something of a funk. Then, in April, things started to look up. “Vikram is looking and sounding a lot more confident and secure,” a top lieutenant told the Times. “He has a smile on his face.” And why? “He sees the day when he is going to earn more than a $1 a year.” Today, someone felt the need to come along and knock the wind out of those sails (of hope). Read more »
Apparently, yes. We’re told the “majority if not everyone” from the Houston energy office, headed by Stephen Trauber and said to be considered “the best division at UBS,” walked out last night and is headed for Citi. Read more »
Citi Advocates That Female Employees Do Not Sit With Their Legs Crossed But Rather Spread Eagle, With Their Balls Hanging Out
By Bess Levin
At least that seems to be the implication, based on this laminated list of the top things women do to “sabotage their careers,” which is can apparently be found on the desk of every female HR employee at the ‘group. [DX]
If You Make A Smart-Aleck Comment About Vikram Pandit, Does He Not Apply Lipstick And Add Your Name To His ‘To Kill List’?
By Bess Levin
Moreover, Mr. Pandit seems uncomfortable as the leader of one of the nation’s biggest banks. He shuns most interviews, and he is prone to overreact to criticism no matter the source, be it The Wall Street Journal or a minor blog. Reports suggest Mr. Pandit is behind Mr. Mayo’s ban, a charge Citigroup denies. [WSJ]
Lest there be any confusion about what they do over there all day. Read more »
Charlie Gasparino is apparently going to reveal the winning answer shortly but for those of you whose offices don’t have the TV’s turned to FBN, let’s take some stabs at it. Historically, Meredith Whitney has been the analyst with whom the bank has had the most beef, so she should be the first name that comes to mind. We can confidently cross her name off the list, though, ’cause they don’t have the balls. I suppose it could be Dick Bové but are they really looking for another tear-streamed freak-out? Probably not. So, who then? Mayo? Some bucket shop pissant you’ve never heard of so C can feel like a big man without having a certain dominatrix shove a shiv up their asses?
Update: And Mayo is the winner of the Count Vikula cold shoulder! Read more »
Only half-serious, of course (though Vickles does love a charity case). What the bank does care about is having its wealthy clients’ hard-earned money pissed away by a bunch of pissants who need to be put on a leash.
Citigroup is testing a website to let millionaires’ children manage their allowances, while alerting parents and bankers when scions blow through cash too quickly. Heirs to Citigroup’s wealthiest clients can log in to parent-funded accounts for discretionary spending, investments and “one-click giving” to charities. The site was developed by Tile Financial LLC, founded by former New York Stock Exchange finance chief and Bear Stearns Cos. analyst Amy Butte.
Citi To Pay SEC $75 Mill Over Forgetting To Tell Investors This, Like, Minor Li’l Thing Of Practically No Significance
By Bess LevinThings just fall through the cracks sometimes. They had a lot going on that day. Read more »
Jamie and Lloyd weren’t invited (not that they’d slum it at something like this anyway), and James Gorman, Robert Wolf, Brian Moynihan and Bob Diamond declined to attend having other plans but Vikram will be there, Mr. President! With bells on! Read more »
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Vikram Pandit Urges Employees To Get A Little R&R
By Bess LevinRead more »
Tags: Citi, someone who will never comment "slow news day?" in August, vacation, Vikram Pandit