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CIHey Jane! 👋 Citigroup CEO Jane Fraser stopped by our Tampa, Florida office to visit with colleagues and take some selfies 🤳
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BLCitigroup CEO Jane Fraser says the difference between hard and soft data is the greatest she’s ever seen. She speaks with Bloomberg's @sonalibasak at the Milken Institute Global Conference. Tap the link in bio for the full interview.
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THAt 42, Jamie Dimon (the current CEO of JP Morgan) got fired from Citigroup. Here’s how he told his 3 daughters the news.
#career #corporate #ceo #finance #wallstreet
@thegaryguo
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MOWhen Jamie Dimon was fired from Citigroup, he was serving as president and COO and had spent that same day hosting a recruiting event for nearly 100 students in his apartment. Just hours later, he found himself in a boardroom where Citigroup executives informed him they were making organizational changes. The conversation ended with the announcement that he would need to resign—and the press release had already been prepared.
Dimon went home and told his children, then aged 12, 14, and 10, that he had lost his job. Their reactions ranged from fears of “sleeping on the streets” to anxious questions about whether they would still be able to attend college, revealing how deeply a single career moment can affect an entire family. By that evening, 50 colleagues had gathered at his home, transforming the experience into what Dimon later described as “your own wake.”
Despite the shock, Dimon remained grounded. He reminded both his family and himself that his net worth was not the same as his self-worth. Just a few years later, he became the CEO of JPMorgan Chase and went on to build it into one of the most powerful banks in the world—clear proof that what feels like a career-ending moment can ultimately become a career-defining one.
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#careerlessons #leadershipjourney #resiliencestory #careerturningpoint #businessleadership
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BLCitigroup hired law firm Paul Weiss to investigate complaints about the behavior of the bank’s wealth-management chief, Andy Sieg, who was brought on by CEO Jane Fraser as a high-profile hire to drive a key part of her turnaround plan. Todd Gillespie reports. Read more via our link in bio.
@bloombergtv
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POCitigroup chief executive Jane Fraser said fears of U.S.-Europe decoupling were rooted in “wishful thinking.” “There aren’t many alternatives to the scale, the innovation, the American consumer, the great American entrepreneur and the breadth and depth of the capital markets,” Fraser told @postopinions columnist David Ignatius at WP Studio in Davos.
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FOCiti CEO Jane Fraser has been handed a 6% pay rise to $26 million in 2023, thanks to her major overhaul of the Wall Street giant.
Despite the bank’s profits falling almost 40% last year, Citigroup defended that Fraser’s pay increase was based on her streamlining strategy, including the “most consequential set of changes to its organizational and management model since the 2008 financial crisis.”
The New York-based bank awarded Fraser a base salary of $1.5 million and $24.5 million in stock and cash bonuses, according to the lender’s filing. The remuneration is up from $24.5 million in 2022.
🔗Click the link in our bio to read more.
@fortunemag
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MAJamie Dimon was fired from Citigroup early in his career. In 1998, while he was president and widely expected to become CEO, Citigroup’s chairman Sandy Weill asked him to resign during a weekend executive retreat after internal disagreements about strategy and leadership, effectively ending his tenure there. Dimon later described the moment as abrupt but pivotal, and even recounted telling his daughters about being fired on a podcast, noting it didn’t shake his confidence but became a turning point that led him to take the CEO role at Bank One and eventually build JPMorgan Chase into the biggest U.S. bank.
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@macroglide
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ENJamie Dimon’s journey to the top of American banking didn’t follow a smooth path. In 1998, he was fired from Citigroup after senior leadership asked him to resign.
After leaving Citi, Dimon explored several options, including talks with Jeff Bezos and leaders at Home Depot, but none felt right. A few years later, he took charge of the struggling Bank One in Chicago.
To prove his belief in the company, he invested $60 million of his own money into its stock, putting half his net worth on the line. He wanted everyone to know he was fully committed and focused on long-term decisions, not short-term wins.
That bet paid off. Bank One later merged with JPMorgan Chase, and Dimon rose to become CEO of the largest bank in the U.S.
Follow (@entrepreneursonig) for everything related to entrepreneurs.
Media: Acquired
@entrepreneursonig
9.9K
MUМир бизнеса стремительно меняется. Вот несколько ключевых фактов и трендов, которые показывают, куда движется экономика.
1. Крупные компании сокращают сотрудников.
Такие технологические гиганты, как Meta, а также Amazon и Citigroup, проводят массовые сокращения. Причина - рост затрат и активные инвестиции в искусственный интеллект и новые технологии.
2. Искусственный интеллект меняет рынок труда.
Многие задачи уже начинают выполнять программы и AI-системы. Это означает, что традиционные профессии постепенно трансформируются, а ценность приобретают предпринимательские навыки, гибкость и умение создавать собственные проекты.
3. Казахстан усиливает позиции в бизнесе Центральной Азии.
Страна становится всё более привлекательной для инвестиций. Развиваются логистика, производство, агросектор и цифровая экономика.
4. Женское предпринимательство растёт.
Всё больше женщин запускают собственные проекты - от онлайн-бизнеса до образовательных и сервисных компаний. Женщины становятся важной частью современной экономики.
Главный вывод:
Сегодня выигрывают те, кто не боится изменений, развивает новые навыки и ищет возможности для роста.
Бизнес будущего - это гибкость, технологии и сильное окружение.
#BUSINESSZONE #MUZZONE
@muzzone.tv
33.3K
MICitigroup and McKinsey & Company pushed investors and lawmakers to move forward with reparations because it will save the American economy….. They did extensive reports on how and why, very interesting… Anyway, reparations are 100% due but in the meantime we don’t and should wait on anyone to help us reach prosperity….
We must do for self!!!
If you want a strategy of building that type of foundation, comment below: PROSPERITY
@mikerashid
10.1K
BLCitigroup CEO Jane Fraser said geopolitics is going to be the "biggest shift in the world of finance," and a "big differentiator" alongside innovations in technology and the green transition.
Fraser spoke to @sonalibasak ahead of Bloomberg's Women, Money, Power event.
Tap the link in our bio to read more.
@bloombergtv
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