How to Fire People the Citigroup Way

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Ten days ago, Citigroup’s Vikram Pandit walked into the chairman’s office for what he thought was a routine meeting:

Instead, Mr. Pandit, the chief executive of Citigroup, was told three news releases were ready. One stated that Mr. Pandit had resigned, effective immediately. Another that he would resign, effective at the end of the year. The third release stated Mr. Pandit had been fired without cause. The choice was his.

I like it! The only thing that could have made it better would have been a fourth press release stating that Pandit was deeply remorseful for his poor performance and was voluntarily accepting a position as a teller in Citi’s Fargo branch as a way of demonstrating his earnest desire to redeem himself through honest labor alongside the workers he had let down. No need to go so easy on the guy, after all.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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