| NEWS 10.31.08 7:00 AM |
PRINT | SEND TO A FRIEND |
|
| Holiday Party Hemorrhage Continues With Barclays Capital and CitiGroup |
|
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
Lincoln Center Taps Former Vogue Planner Wolkoff to Run Fashion Week
Poll Results: 2010 Event Budgets Look Bigger
Australian Nonprofit Uses Facial Hair for Guerrilla Cause Marketing
Fashion's Night Out to Return in 2010
In the News: Waterford Recommits to New Year's Bash, Magazine Events Thrive and Falter
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
10 New Venues for New York Holiday Parties
50 Budget-Friendly Ideas for Holiday Parties: Food, Gifts, Decor, and More
Poll Results: Fewer Scrooges for 2009 Holiday Party Season
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 |
|
|
|
Manhattan Steamboat Company
Recognized by corporate event planners as a top entertaining venue in New York Harbor, the newly-built yacht Noa Danielle offers corporate groups unique private voyages in New York Harbor for as many as 49 guests. Since its launch, the yacht has held numerous C.E.O. dinners, executive board meetings, and deal-closing celebrations. More >>
EMAIL THIS RESOURCE |
|
Acquolina Catering
At Acquolina, tasteful simplicity meets elegant design. Starting with the fundamentals of traditional Italian cooking, their chefs create unique dishes inspired by the cuisines and customs of Europe, Asia, and the Americas. More >>
EMAIL THIS RESOURCE |
|
Knight Security
Knight Security offers expertise in event security, executive protection, security planning, threat identification and mitigation, needs assessment, and international travel protection. With an emphasis on customer service, their staff is always professional in demeanor and appearance. More >>
EMAIL THIS RESOURCE |
| |
|
|
|
|
|
|
