Xmas Party Said Cancelled Due To Lack Of Staff ?
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Bank Refuses Armless Customer Due To Lack Of Thumbprint! (03/09/2009)
- 'Sorry - But Christmas Is Cancelled' (15/11/2009)
- 'I Couldn't Care Less About Lehman Staff' - Your Comments (16/09/2009)
- Merrill Staff Applaud At Least One BofA Initiative (04/09/2009)
- Ken Lewis's Resignation E-Mail To Staff (01/10/2009)
- Top Firm Puts More Aside For Staff Compensation (30/10/2009)
The party, which was planned for this week, was cancelled a couple of days back. Some say that the do was canned for 'political' reasons, following Citi's recent government bailout. Wags point out, however, that when the party was originally booked there were around 400 staff in the London equity units who got invites. After the latest round of job cuts, they say, there simply weren't enough staff left to have a decent party!
In the meantime, The Financial Times reports that Citigroup top executives (and Robert Rubin) are getting ready to announce that they are to forgo their bonuses this year. Given the firm's stock price and the recent bailout(s), many are wondering why this wasn't announced a couple of weeks back. The executives simply cannot go back to the trough again this year.
Finally, The Guardian reports that Lehman Brothers has obtained bankruptcy court approval to sell around $8m of artwork that once adorned the walls of the firm's New York HQ building. Art dealers had stored the stuff in their warehouses, and refused to release it, until their $20,000 bill had been paid. The court has now approved the $20,000 payout, and the artwork may now be sold. The proceeds will go in the creditors pot.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
