AHH-OH the heats on - sounds like someone made a $950,000,000 BOO-BOO.

http://www.techweb.com/se/directlink.cgi?IWK19990823S0076

Interested observers were scratching their heads over Mary Alice Taylor's abrupt departure last week as head of technology at Citibank. "Either she left or she was forced out-and the signs point to that," says Jonathan Sack, an executive employment lawyer in New York. "I know how Citibank works. If they want to let you go, historically they do so without any warning or notice." If Taylor didn't threaten any kind of claim or suit, she probably wound up with a fair package, Sack says. Citibank isn't as generous as others, but it plays fair; she'll get vesting, salary, and outplacement services, Sack says. Citibank wouldn't comment, and Taylor couldn't be reached.

-- Matt (Butenam1@aol.com), August 26, 1999

Answers

There's been a lot of that (leaving) going on recently. (By the way, is that not a classic name for an employment lawyer, "Mr. Sack!")

-- Puddintame (achillesg@hotmail.com), August 26, 1999.

This is scary. Is she being scapegoated, or did she mishandled the whole thing? Will Citibank fall? I hope not--it's MY bank.

-- Mara Wayne (MaraWayne@aol.com), August 26, 1999.

Yeah, but its my credit card company. Think positive!!

-- King of Spain (madrid@aol.com), August 26, 1999.

Mara,

I would have expected you to have reported something like: it's one of my two (or three) banks (which are headquartered in different states). :-)

Jerry

-- Jerry B (skeptic76@erols.com), August 26, 1999.

KOS...they have a hold of some of my future earnings too! Hummm...

This one is spooky. When is the deadline for SEC or FDIC compliance?

Mike

====================================================================

-- Michael Taylor (mtdesign3@aol.com), August 26, 1999.

Another rat departs.

The microsoft tech chief left recently too on a 1 yr "sabbatical'" i.e. he bugged out with his family...

-- Andy (2000EOD@prodigy.net), August 26, 1999.

The exchange probably went like this:

Ms. Taylor to Board of Directors: The Millenium Bug is going to kick our butts. We can't fix it. We have to start taking survival actions and properly inform our customers so they can prepare.

Board of Directors to Ms. Taylor: That is unacceptable. You were hired to fix the problem, not to come in here with some cockamamie domm and gloom story. We are not in the buisness of panicking our customers!

Ms. T: I can't in good conscience go along with a policy of hoodwinking our customers, when I know they are in jeopardy!

B of D: You will go along with whatever we tell you to as long as you take our paychecks. Get with the program or get out!

Ms. T: "Bye."

-- Forrest Covington (theforrest@mindspring.com), August 26, 1999.

King of Spain- Me too. Just finished paying balance on that one. Time to go shopping?

-- Gia (laureltree7@hotmail.com), August 26, 1999.

Is someone charting the number of IT Manager departures? It seems to be skewing upwards lately. This was one of Greg Killian's Y2K warning signs, made in a white paper last year, I believe.

Need help on this one. Anyone got a link on that?

-- Sandmann (Sandmann@alasbab.com), August 26, 1999.

Link to Greg Killian's warning signs:

members.aol.com/gkilli1/home/y2ksigns.html

-- Roland (nottelling@nowhere.com), August 26, 1999.

The y2k-babe for the State of North Carolina packed her bags about two months ago. Some big Federal guy (SSA?)also just scurried and left plenty of space between his butt and the screen door.

Did Atlanta ever decide on a new y2k contractor after the first one was fired/quit?

-- Puddintame (achillesg@hotmail.com), August 26, 1999.