Citigroup slashes banker promotions in cost-cutting drive: report
Citigroup CEO Jane Fraser plans to cut the number of bankers receiving year-end promotions as the Scottish-born executive looks to cut costs, according to reports. The Financial Times reported on Tuesday that just 2,000 Citi employees could expect an early Christmas gift of a pay rise or senior title, down from 8,000 a year earlier. […]
Foreign service discriminates against men when it comes to promotions: report
First appearance on Fox: Data shows the State Department discriminates against men when it comes to promotions in the diplomatic service, according to a new report from the Heritage Foundation. Across all five diplomatic career tracks, including consular services, economic services, political services, public diplomacy, and management, women will be promoted at higher rates than […]
Starbucks CEO Brian Niccol phases out discounts and promotions
Starbucks' new boss is giving the company the thumbs up by cutting discounts and promotions and forcing coffee lovers to pay full price for their drinks. CEO Brian Nicol, a former Chipotle chief executive who was poached from the Seattle-based coffee house chain earlier this year, said the company was brought in last year to […]
State Department mandates support for DEI ideology as prerequisite for promotions: ‘You are judged’
Following President Biden’s executive order, the State Department will introduce a policy requiring employees to pass a diversity, equity, and inclusion loyalty test in order to be eligible for promotions and raises. did. Gina Abercrombie Winstanley, President Obama’s former ambassador to Malta, was appointed as the State Department’s chief diversity and inclusion officer in April […]
Citi equities insiders on the real problem: London management; poor promotions – eFinancialCareers
Former Citigroup managing director Aldis Lindsay sparked outrage last year when he announced a complaint against the bank, alleging that he suffered from PTSD due to an abusive relationship with a senior colleague. A series of emails sent to Lindsay by her City MD ex-boyfriend Mani Singh, in which she claims they had a coercive […]