Leadership at Citigroup

Responsible Leadership at Citigroup Citigroup is the largest bank in the U.S. The connection is employs over 300,000 employees and reaches out to over 100 countries globally, with the assets of over $2.35 trillion, and a market value of $188 billion (CITE). The company is organized into terce sectors of rail line: Global Consumer, Markets & Banking, and Global Wealth Management. These third sectors of business groups are comprised of 16 smaller subdivisions, which, coupled with Citi Alternative Investments, makes 17 distinct divisions of Citigroup. Citi was founded in 1812 as the City Bank of naked York. In 1998, a merger between Travelers Group and Citicorp gave fork up to Citigroup. In recent news, Citigroups now former CEO, Charles flip Prince, stepped down from his position. This event marks the culmination of what many comprehend to be the doomed failure of the oversized, over ambitious exertion of Princes predecessor. In this paper, we will attempt to analyze the events that rifle to the resignation of Prince in relation to Seeger and Ulmers idea of creditworthy leadership. In their article Explaining Enron, Seeger and Ulmer assert that responsible leadership is make upon three communication-based leader responsibilities.

These responsibilities are (a) communicating appropriate determine to create a plus moral climate, (b) monitoring operations in coif to stay informed, and (c) maintaining an openness to signs of problems and potential uncool news. (CITING) A breakdown in any of these aspects of can arrive degree of turmoil for an organization; for Citibank, the breakdown two of three of these of these aspects led to the resignation of the companys CEO. In roam to effectively relate the idea of leader responsibilities to Citigroup, each segment of the idea must first be explored. The first of Seeger and Ulmers prescribed responsibilities deals with leaders of the organization setting a positive example for their employees. Their... If you want to get a full essay, order it on our website: Orderessay

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