| NEWS 10.31.08 6:00 AM |
PRINT | SEND TO A FRIEND |
|
| Holiday Party Hemorrhage Continues With Barclays Capital and CitiGroup |
|
FROM NEW YORK Investment firm Barclays Capital won't be celebrating the holidays this year. Executive committee member and chief operating officer Rich Ricci broke the news yesterday in a letter to the company’s staff, republished on Wall Street blog Dealbreaker.
Ricci praised the company’s resilience in the rough economy and its handling of the Lehman Brothers acquisition, but insisted there’s no way to celebrate as a firm or by department. “In the current difficult environment for our industry and for the economy as a whole, which affects not just financial services firms but our clients as well,” Ricci wrote, “it is not appropriate for us to do anything that might be seen as inappropriate by any of our stakeholders.”
Many other large financial institutions, like Dresdner Kleinwort and Bank of America, are rumored to be ditching their holiday parties as well, but publicists at the companies could not confirm any plans. Citigroup, however, made the call to definitely avoid a formal celebration. A spokesperson shared with us via email Thursday afternoon that "Citi is not sponsoring any holiday parties [this year]."
—Michael O'Connell & Sara Randolph
RELATED TOPICS
Barclays Capital, Lehman Brothers, Corporate Holiday Parties, Dresdner Kleinwort, Bank of America, Citi
MORE NEWS STORIES
Obama's First State Dinner Calls on Marcus Samuelsson, Jennifer Hudson
Art Basel Preview: New Convention Center Layout, Giant Beach Structure for Audi
Poll Results: Readers Opting for iPods Over DJs
Poll Results: Informal Nights Out Make Most Appropriate 2009 Holiday Parties
Poll Results: Readers Judge Invitations on Case-by-Case Basis
MORE STORIES ABOUT BARCLAYS CAPITAL
In the News: Somber Times Kill Davos Party, Guerrilla Marketers Help Inauguration-Goers Make Friends
MORE STORIES ABOUT CORPORATE HOLIDAY PARTIES
Christian Louboutin Shoes Inspire Design Firm's Holiday Party
8 New Venues for Chicago Holiday Parties
50 Budget-Friendly Ideas for Holiday Parties: Food, Gifts, Decor, and More
MORE STORIES ABOUT BANK OF AMERICA
In the News: Low-Key Event Sponsorships Thrive, Victoria's Secret Show Returns to New York
| More Suppliers/Venues to Consider |
ADVERTISEMENT |
|
|
|
Pops for Champagne
The nation’s most acclaimed champagne bar offers an upscale, sophisticated urban setting for any social or business event. A world-class champagne selection, a full premium wine, spirit, and beer selection, and diverse, creatively prepared food choices afford clients with unsurpassed, memorable event possibilities. More >>
EMAIL THIS RESOURCE |
|
Nimlok Chicago
Nimlok Chicago creates image and presence by designing and producing Nimlok custom and hybrid exhibits, displays and graphics for trade shows, permanent installations, and event environments. They help companies of all sizes around the world realize growth by maximizing their trade show and marketing effectiveness, while reducing their operational costs. More >>
EMAIL THIS RESOURCE |
|
Carmel Music & Entertainment LLC
Carmel is a direct source talent management company with both exclusive and non-exclusive acts for corporate and social events, public shows, weddings, and other private events. Their artists perform wide and varied musical styles including rock, R&B, pop, classical, Latin, world, and more. More >>
EMAIL THIS RESOURCE |
| |
|
|
|
|
|
|
