Citi Rank And Filed Can't Believe Senior Execs Chose "Annual Ferrari Road Trip" Over Brexit Prep

Yes, "Ferrari road trips" are a thing.
By Alexandre Prévot from Nancy, France (Italian line up) [CC BY-SA 2.0], via Wikimedia Commons

Photo: Alexandre Prévot, Wikimedia Commons

When you've gotten to the point in your life and bank account that it's become an annual event to put up an Out Of Office message and go on a "Ferrari road trip" with your buddies, who obviously all have Ferraris, too, you sometimes forget how the other half lives. Junior and mid-level employees at Citi, for example, can't really understand how someone with a big deadline looming would just peace out for a few days to go drive expensive foreign cars. But that's on them, not you. Hopefully, one day, they'll get it. Until then, though, anyone planning to take some personals for a li'l FRT as Britain implodes should expect to return to the business end of a hissy fit.

Foreign exchange traders at Citigroup, the world’s biggest currencies-dealing bank, are pulling out the stops to prepare for next week’s UK referendum on EU membership and its potentially cataclysmic impact on sterling. But as rank-and-file workers worked long hours, five of the bank’s most senior currencies executives each took between one and three days out of work around last weekend to drive their sports cars, including some Ferraris, through France. The five executives, most of them managing directors, declined to cancel their annual Ferrari road trip with two former colleagues...Two people who have talked to Citi employees about the holiday said they felt it was embarrassing. “Everyone is entitled to a holiday” but the timing and nature of the trip was “insulting” to employees, one said.

Citi’s forex executives holidayed as staff prepared for Brexit [FT]