A good friend of mine was a VP at Citi and lived around the corner from me here in Keller. He was a German Citizen and worked for years to get his Green Card, but after 9/11 it got more difficult for him to stay here. He loved his time in Keller and both of his kids were born here. He finally gave up a little over a year ago and took a job with a Swiss Bank and moved back to Europe.
We still send emails back and forth and today he sent me this in response to my questions about Citi:
Yes, I am glad I got out of Citi when jobs were still to be found. Most of my old team got laid off, including the department head. Shame, there were some good people in there.
And you were right, Citi is starting to look different. Citicorp, they dug the old name back out, will be the core business, and Citi Holdings (rhymes with Shitty Holdings the way the Asian dude who runs City Grill in South Park, CO pronounces it) will hold the “let’s get rid of this crap” business like consumer finance and auto.
Great job, fat cat CEO’s. The smart employees saw this coming in late 2006, I kid you not, and nothing was done. Just like the Titanic …
I still wish I was in Texas though.