Tag Archives: Citigroup

NYC Apartment Listed For $88M

Former Citigroup CEO Sanford Weill has listed his Central Park-adjacent apartment for $88M, a price which, if met, would far eclipse the above records. If the sale of the penthouse closes for anything near that price, it would set a record for the sale of a Manhattan apartment. The limestone building, which was designed by Robert A.M. Stern and developed …

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Another $20B For Bank Of America

Un-fucking-real. After a marathon negotiating session, the Bush administration agreed early Friday to give Bank of America an additional $20 billion worth of fresh capital to help it stomach the losses at Merrill Lynch, which the company acquired Jan. 1. The funds are in addition to $25 billion in TARP rescue funds Bank of America has already received. The new …

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Citigroup Layoffs To Slam NYC

Oh, man…this is brutal. Citigroup Inc.’s reduction of 52,000 employees announced on Monday is the second-largest job cut ever undertaken by any company on record, according to consulting firm Challenger Gray & Christmas. Only the 1993 bloodbath at Big Blue, when IBM let go 60,000 people, was larger. Put another way, the number of jobs being eliminated at Citi is …

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Dooced

Michael McCarthy, a vice president at Citigroup, was fired last week because the company took issue with his popular blog, Take A Report, which often features homophobic and sexist commentary. McCarthy had been blogging from his office. To the community of 60,000 who keep his company each day, Michael J. McCarthy looms large enough to be chosen as next month’s …

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