Thomas keeps Citi sponsorship with money donated to LGBTQ Follow Us
Question of the Day By DOUG FERGUSON - Associated Press - Monday, January 25, 2021
Investment bank Citi decided Monday to keep its sponsorship of Justin Thomas, condemning the anti-gay slur he muttered and requiring him to donate a “meaningful portion” of his deal as part of an active role in LGBTQ causes.
Carla Hassan, the chief marketing officer of New York-based Citi, announced the decision in a company blog post titled, “When an apology isn’t enough.”
“We considered terminating our relationship with him,” she wrote. “It would send a clear and important message, but we decided to use this moment to work with Justin to try to create change.”
The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.