Citibank Makes the Top 10 List
 

Citibank ranks fifth on the latest list of the worst companies to work for:

Citigroup sacked CEO Vikram Pandit late last year, after he had
shepherded the bank through the financial crisis and then fired
thousands of workers as well. That, on its own, would be enough to
destroy employee morale, but the bloodletting was not over. Pandit’s
successor, Michael Corbat, said he would fire 11,000 more. The bank’s
board may have been frustrated with the pace of cost reductions under
Pandit, but that was not the only issue that the board apparently
believed had hurt long-term shareholder value. Pandit’s mishandling of
the sale of its Smith Barney unit caused Citi to write down $2.9
billion, and the action triggered a cut in its credit ratings by
Moody’s. Such actions did not endear Citi to investors. The recovery of
Citi’s shares since the global financial meltdown has been far worse
than its major competitors. Citi’s relationship with its customers has
also been awful. It took a place on the MSN Hall of Shame of the 10
worst companies in America based on customer service. Its ACSI ratings,
already low, further plunged in 2012. According to Interbrand, Citi’s
brand value dipped 12% last year, and is now only two-thirds that of
rival J.P. Morgan Chase & Co. (NYSE: JPM).

http://tinyurl.com/a3rqprt

Other corporate winners on the Worst 10 list:

The worst:

J.C. Penney

The rest of the worst:

Dish Network
T-Mobile USA
Facebook
Citigroup
Research in Motion
American Airlines
Nokia
Sears Holding Company
Hewlet-Packard

Citibank Makes the Top 10 List
 

On 1/11/2013 6:54 PM, ESAD wrote:
Citibank ranks fifth on the latest list of the worst companies to work for:

Citigroup sacked CEO Vikram Pandit late last year, after he had
shepherded the bank through the financial crisis and then fired
thousands of workers as well. That, on its own, would be enough to
destroy employee morale, but the bloodletting was not over. Pandit’s
successor, Michael Corbat, said he would fire 11,000 more. The bank’s
board may have been frustrated with the pace of cost reductions under
Pandit, but that was not the only issue that the board apparently
believed had hurt long-term shareholder value. Pandit’s mishandling of
the sale of its Smith Barney unit caused Citi to write down $2.9
billion, and the action triggered a cut in its credit ratings by
Moody’s. Such actions did not endear Citi to investors. The recovery of
Citi’s shares since the global financial meltdown has been far worse
than its major competitors. Citi’s relationship with its customers has
also been awful. It took a place on the MSN Hall of Shame of the 10
worst companies in America based on customer service. Its ACSI ratings,
already low, further plunged in 2012. According to Interbrand, Citi’s
brand value dipped 12% last year, and is now only two-thirds that of
rival J.P. Morgan Chase & Co. (NYSE: JPM).

http://tinyurl.com/a3rqprt

Other corporate winners on the Worst 10 list:

The worst:

J.C. Penney

The rest of the worst:

Dish Network
T-Mobile USA
Facebook
Citigroup
Research in Motion
American Airlines
Nokia
Sears Holding Company
Hewlet-Packard


As a consumer I'd say at least 5 on that list are pretty bad

Citibank Makes the Top 10 List
 

On 1/11/2013 4:26 PM, Meyer wrote:
On 1/11/2013 6:54 PM, ESAD wrote:
Citibank ranks fifth on the latest list of the worst companies to work
for:

Citigroup sacked CEO Vikram Pandit late last year, after he had
shepherded the bank through the financial crisis and then fired
thousands of workers as well. That, on its own, would be enough to
destroy employee morale, but the bloodletting was not over. Pandit’s
successor, Michael Corbat, said he would fire 11,000 more. The bank’s
board may have been frustrated with the pace of cost reductions under
Pandit, but that was not the only issue that the board apparently
believed had hurt long-term shareholder value. Pandit’s mishandling of
the sale of its Smith Barney unit caused Citi to write down $2.9
billion, and the action triggered a cut in its credit ratings by
Moody’s. Such actions did not endear Citi to investors. The recovery of
Citi’s shares since the global financial meltdown has been far worse
than its major competitors. Citi’s relationship with its customers has
also been awful. It took a place on the MSN Hall of Shame of the 10
worst companies in America based on customer service. Its ACSI ratings,
already low, further plunged in 2012. According to Interbrand, Citi’s
brand value dipped 12% last year, and is now only two-thirds that of
rival J.P. Morgan Chase & Co. (NYSE: JPM).

http://tinyurl.com/a3rqprt

Other corporate winners on the Worst 10 list:

The worst:

J.C. Penney

The rest of the worst:

Dish Network
T-Mobile USA
Facebook
Citigroup
Research in Motion
American Airlines
Nokia
Sears Holding Company
Hewlet-Packard


As a consumer I'd say at least 5 on that list are pretty bad

It's really sad that HP has slid that far. They were one of the best
high-tech companies to work for. At least that was the case for the
test equipment divisions that spun-off as Agilent.

Tektronix is another local company that was a good engineering
environment until the PE VC's took over.

Citibank Makes the Top 10 List
 

On 1/12/2013 1:13 AM, thumper wrote:
On 1/11/2013 4:26 PM, Meyer wrote:
On 1/11/2013 6:54 PM, ESAD wrote:
Citibank ranks fifth on the latest list of the worst companies to work
for:

Citigroup sacked CEO Vikram Pandit late last year, after he had
shepherded the bank through the financial crisis and then fired
thousands of workers as well. That, on its own, would be enough to
destroy employee morale, but the bloodletting was not over. Pandit’s
successor, Michael Corbat, said he would fire 11,000 more. The bank’s
board may have been frustrated with the pace of cost reductions under
Pandit, but that was not the only issue that the board apparently
believed had hurt long-term shareholder value. Pandit’s mishandling of
the sale of its Smith Barney unit caused Citi to write down $2.9
billion, and the action triggered a cut in its credit ratings by
Moody’s. Such actions did not endear Citi to investors. The recovery of
Citi’s shares since the global financial meltdown has been far worse
than its major competitors. Citi’s relationship with its customers has
also been awful. It took a place on the MSN Hall of Shame of the 10
worst companies in America based on customer service. Its ACSI ratings,
already low, further plunged in 2012. According to Interbrand, Citi’s
brand value dipped 12% last year, and is now only two-thirds that of
rival J.P. Morgan Chase & Co. (NYSE: JPM).

http://tinyurl.com/a3rqprt

Other corporate winners on the Worst 10 list:

The worst:

J.C. Penney

The rest of the worst:

Dish Network
T-Mobile USA
Facebook
Citigroup
Research in Motion
American Airlines
Nokia
Sears Holding Company
Hewlet-Packard


As a consumer I'd say at least 5 on that list are pretty bad

It's really sad that HP has slid that far. They were one of the best
high-tech companies to work for. At least that was the case for the
test equipment divisions that spun-off as Agilent.

Tektronix is another local company that was a good engineering
environment until the PE VC's took over.

My wireless Hp wont play with my AMD C60 based notebook and their patch
for the problem crashes. I've given up trying to make it work.