Organizational Communication in the News

Case Studies of Organizations and Organizational Communication in the Media

Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million


Citigroup behaving badly as late as 2012 shows how a big bank hasn’t yet absorbed the lessons of the credit crisis despite billions of dollars in bailouts, says Neil Barofsky, former special inspector general of the Troubled Asset Relief Program.

“This case demonstrates that the notion that the bailed-out banks have somehow found God and have reformed their ways in the aftermath of the financial crisis is pure myth,” he says.

As a reward for blowing the whistle on her employer, Hunt, the country girl turned banker, got $31 million out of the settlement paid by Citigroup.

Story length: 3,737 words

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This entry was posted on May 31, 2012 by in Corporate Social Responsibility, Culture, Ethics and tagged , , , , .

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