Got something to share? Email tips@cityfile.com
Click here to have Dailyfile posts delivered to you once a day by email.
Gagosian: Go Sell or Get Out | Gallerist Larry Gagosian may have to turn to the heavens above to help him sell overpriced art, since it appears his staff isn't getting the job done, at least judging by the memo he sent out to Gagosian Gallery employees in recent weeks. "If you would like to continue working for Gagosian I suggest you start to sell some art... The luxury of carrying under-performing employees is now a thing of the past." [Intelligent Life via Gawker]
Dick Parsons to Citi: 'Keep the Faith' | It's a grim day for employees of Citigroup as they hear more about the beleaguered bank's plans to cut costs and slash another 10,000 jobs. But Citi director Dick Parsons doesn't want to see anyone to give up hope. He issued a memo to company employees earlier this morning and urged them to "keep the faith." The memo's below.More
Citigroup Cutbacks | The painful cost-cutting at Citigroup continues. The company is now asking bankers and traders to refrain from making color copies and print out internal presentations on both sides of the page. Oh, and unless you're eating with a client, you can forget about expensing your lunch. The official word was sent out to Citi employees by John Havens, Citi's head of investment banking (left), two weeks ago. Thanks to Dealbook, you can gloss over the memo in its entirety after the jump.More
