FDIC probe reveals toxic workplace culture and questions chairman’s credibility

An independent review of the Federal Deposit Insurance Corp. ‘s workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct,” and questions whether the agency’s chairman is credible to lead the agency through a cultural transformation. The report released Tuesday by law firm Cleary Gottlieb Steen & Hamilton outlines incidents of stalking, … Read more

‘This is a huge part of why I stay’: Corporate employees turn to workplace volunteering

Michelle Barbin’s job does not always fill her bucket. Yes, she likes her nine-to-five helping improve consumer experiences at Blue Cross Blue Shield of Massachusetts. She emphasizes she wouldn’t have spent nearly 19 years working for the health insurance provider otherwise. But her “empathetic heart” gets true satisfaction from the company’s opportunities to apply professional … Read more

‘I am going to set you on fire’: Citi managing director alleges bank failed to protect her from sexual harassment

A Citigroup managing director said the bank failed to protect her from a supervisor’s violent threats and abuse because of its “pervasive” culture of sexual harassment and gender discrimination, according to an amended legal filing on Monday. Ardith Lindsey, who worked as Americas head of electronic sales trading, added details to her November lawsuit outlining … Read more

Why I still believe in the office

I often think about a phrase my colleague and friend Megan Sul says: “Culture isn’t free.”  Any organization you hope to derive culture from—be it a rec league team, a community, or yes, even a place you work—requires that you inevitably give up a little bit of personal preference in service of the greater good … Read more