How to Fire People the Citigroup Way

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Ten days ago, Citigroup’s Vikram Pandit walked into the chairman’s office for what he thought was a routine meeting:

Instead, Mr. Pandit, the chief executive of Citigroup, was told three news releases were ready. One stated that Mr. Pandit had resigned, effective immediately. Another that he would resign, effective at the end of the year. The third release stated Mr. Pandit had been fired without cause. The choice was his.

I like it! The only thing that could have made it better would have been a fourth press release stating that Pandit was deeply remorseful for his poor performance and was voluntarily accepting a position as a teller in Citi’s Fargo branch as a way of demonstrating his earnest desire to redeem himself through honest labor alongside the workers he had let down. No need to go so easy on the guy, after all.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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