Citigroup Appoints Viswas Raghavan Amid Bullying Allegations and Controversy
Citigroup Hires JPMorgan-Fired Banker Viswas Raghavan For $52 Million Amid Bullying Claims
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Viswas Raghavan, recently hired as head of banking at Citigroup with a $52 million compensation package, faces allegations of workplace bullying and inappropriate behavior from his previous role at JPMorgan Chase. Despite scrutiny, Citigroup defends his hiring and considers him a potential successor to CEO Jane Fraser.
- 01Viswas Raghavan was hired by Citigroup for $52 million amid bullying allegations.
- 02He was previously let go from JPMorgan Chase after complaints about his management style.
- 03Colleagues reported instances of inappropriate comments and explosive outbursts.
- 04Citigroup's hiring process involved extensive vetting by senior leadership.
- 05Raghavan is seen as a potential successor to Citigroup CEO Jane Fraser.
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Viswas Raghavan, who was recently appointed as the head of banking at Citigroup with a $52 million pay package, is under scrutiny following allegations of workplace bullying from his previous employer, JPMorgan Chase. A Financial Times investigation revealed that Raghavan was dismissed from JPMorgan due to years of complaints regarding his management style, which included belittling staff and making inappropriate remarks. Colleagues described incidents where he berated employees and made derogatory comments about their abilities and appearances. Despite these serious allegations, Citigroup has defended its hiring process, asserting that it involved a thorough review by senior leadership and board members. The bank praised Raghavan as a
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The hiring of Raghavan at Citigroup could influence workplace culture and management practices within the bank.
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