Well here we are. Citi announced stellar earnings, more than ever since 2006. Most if not all bonus’s were diminished if existent at all. The upper echelon got their well deserved rewards while the lower cogs in the machine got nil. Staffing has shrunk on an exponential rate and what’s left to do is to crack the whip harder and more often for those that are left to pick up the slack. As far as Citi as concerned, all is right with the world.
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When management promotes their incompetent friends instead of actual hard working individuals. It’s no wonder the bank continues to struggle with employee morale, which will reflect on the clients and it’s growth potential.
Sh@thole company is putting it mildly
Citibank’s stock price is $80.21 which is a facade. If you recall Citi had a 10:1 reverse stick split placing its comparable price at $8.02 vs a high of $50 + price financial crisis. It’s still 85% below it’s pre FC peak all these these years later. Why?? Incompetent leadership. It’s a sh&thole company. Period.