Bloomberg is reporting today that Jane just got a much bigger raise than the one I got this year. Mine doesn't even cover the increased health insurance costs. Must be nice to make $26m. Can you imagine her bonuses? That 6% bump she got would have paid several salaries of the thousands laid off the past few months.
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https://www.thelayoff.com/t/1rddVLoD
Jane got US$5.2 million in cash. The remainder is $20.8 million in deferred stock.
keep working hard and ill keep laying off to keep my bonuses rocking.. good job team
I saw a couple of media articles a couple of months about chief of staff being a targeted area for layoffs. It was total BS. I've heard of so many being shifted to made up roles or promoted to director or MDs. So I am not surprised by the overly inflated raise/bonus for the woman of the hour. It trends with the fake expense guidance we've been fed.
Jane’s raise in light of her failures that lead to us being laid off….aaaannndddd…….THAT….my friends is the epitome of Citi ethics right there.
THAT is the example you are to follow.
LOL…..Jane got a 6% raise plus options….LMAO….
a layoff is the last card to play, the last thing to do, your last effort…..a raise for a job well done. LOL
misforcasted, mismanaged, and or made bad decisions, you hired too many and or lost too much money and or lost law suits due to bad decisions, end result a 6% increase plus options. Freaking epic classic move.
Yeah, Jane is suffering like the rest of us alright…LOL
Post ID: @1bsv+1raMRmuy What about Calamity Jane?
Janie Borden took an axe and gave her workers 40 whacks. After seeing what she had done, she gave another 41.
i don't disparage anyone for making a lot of money. But I find it insulting that despite good performance reviews it has been over 6 years since I have received even a cost of living increase. Ultimately it is my career and it is incumbent upon me -- but no-one will ever convince me that the Wall Street Social Justice Warriors (such as Jane) are not the Country's REAL elites. They are hypocrites, preaching "equity" but literally creating two classes of people: the Have's and the Have Nots. Shouldn't be surprised. Nothing new under the sun.
The media reported Jane got a bigger raise than JPM's Jamie Dimon ! Obviously, Citi is NOT serious about saving money. It's all BullSh!t smoke and mirrors. In Citi Math, Firing 300 MDs and then promoting 304 to MD is a win and "saving money". What a joke, punchline "bank". ROTFLMFAO !
Post ID: @1bsv+1raMRmuy Another is Jane The Cleaner, just like in the tv show Breaking Bad. But Jane Boraxe is better.
Post ID: @1cdu+1raMRmuy: I would not call living on 1-2mln per year suffering, but if you say so :D Plus she already got many millions in cash bonuses throughout the years.
I agree with @1qhw+1raMRmuy.
Jane is suffering like the rest of us.
To be clear, 26mil is total comp - not here base salary. Base is more like a million or two - rest is cr-p Sh---y stock which is locked for years... I would not envy her - an average manager at Google/MS/Nvidia is probably making similar TC on average.
LOL. Jane funding her raise by letting people go. LOL
Hardcore Jane, getting hers and laughing the whole time on her way to the bank.
What will Jane's Wall Street nickname be ? There was John Mack of Morgan Stanley as Mack the Kn--e for swinging the axe vigilante style. Sandy Weill, the Cost Cutter and Cheapskate, etc.. How about a vote for Jane Boraxe ? It's a portmanteau between Bora Bora and Axe. What Is Borax? Borax is a powdery white substance, also known as sodium borate, sodium tetraborate, or disodium tetraborate. It's widely used as a household cleaner and a booster for laundry detergent. It's a combination of boron, sodium, and oxygen.
One guess where Jane is going to celebrate.
BORA BORA BABY!!!!!
Shameful. Period.
Jane is an OG. Original Gangster. Come in, stock drops, sell a plan, stock gets partially back, still get’s paid some serious cheddar with a 6% raise while her plan is to get rid of people to help bankroll her own raise.
OG JANE GETTING PAID!!!!! GETTING PAID!!!! and letting you go is paying for it.
Jane’s secret recipe is making Citi great again.
DEI + layoff.
Before the stock upturn……
Stock down -41% since she took over, up 31% in the past 6 months, so still -10% behind.
The layoff announcement always causes a stock hike and even more so after that, the question is, can it sustain. Its been proven you need something more than a layoff for it to be sustainable. What else do you have in the works?
Doesn’t matter either way as once everything is trimmed down, I suspect someone else will be coming up with a game plan as she will be leaving after all the axing is done.
Stock price is up 31% in the last 6 months. She created 10’s of billions in economic value for the shareholders.
So…
Its all due to a job well done in leading us to excellence. Happy Bora Bora everyone.