‘DRACONIAN, UNETHICAL,’ AND ‘SOUL-KILLING’: CITI TAKES LEAF OUT OF GOLDMAN’S LOYALTY OATH PLAYBOOK
https://s.yimg.com/ny/api/res/1.2/ppVHQxUK79fp2EuppjY4bg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/7f994dc6e5720d1201deb9b928d3fe5d
✍️ Citigroup joins other investment banks in cracking down on talent poaching by requiring junior bankers to disclose future job offers.
👉 Citigroup requires junior analysts to disclose future job offers 👉 The policy aims to dissuade analysts from taking buy-side jobs 👉 Experts consider the approach ethically dubious and potentially facing legislative pushback 👉 The trend is part of a broader industry crackdown on talent poaching 👉 Experts warn that the approach may have the opposite effect, diminishing employee morale and increasing the willingness to jump ship
-- #JoshuaBienstock #PaulWebster #KathyHochul #SeanRyan #NewYorkState #NewYorkCity #business
Loading quoted post…
