Shitty at Citi: Senior Exec Sues for Discrimination

The head of Citigroup’s U.S. structured products group, Ramesh Menon, has sued his employer for racial and sex (huh?) discrimination. Menon, 43, was demoted last February despite his claim that he was “instrumental” in creating the a 20-fold increase in the U.S. group’s revenues over the past seven years. Over that time, his pay increased from $650,000 to only $2.25 million, which is “well below industry norms” according to the suit. Anyone have any details on the situation? We get the racial part but what’s the deal with the sex discrimination?
Exec Accuses Citigroup of Discrimination [Washington Post]

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