Whatever gains Jane was hoping for from the Bora Bora shakedown will more than be offset by Citi’s inability to hire decent talent for decades to come.
Basically a slow motion train wreck that is continuing to corrode Citi’s credibility and reputation in the marketplace by the day (as if they really had one to begin with). Worst PR disaster in banking in recent memory and there is nothing anyone can do to stop it. How about the loss of the muni Underwriting due to Citi’s restructuring PR or the mishandling thereof.
Jane is a typical consultant slash wannabe ibanker, thinking she can engineer everything from her ivory tower.
She should try spending more time with employees and less time dividing them. Citi is a sinking ship and the rats are fleeing.