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According to the Financial Times, Citigroup’s head of high-yield bond trading for Europe, the Middle East, and Africa has been suspended for routinely not paying for food in the company’s cafeteria.

Questions:

  1. How much was the trader routinely making at Citigroup?
  2. Why was Mr. Shah such an important trader for Citigroup?
  3. Who was the other example that the article mentioned?

Source:

Everett, G. (2020) A Citigroup trader making more than $1 million a year has been suspended on allegations of stealing food from the company cafeteria. Market Insider, Feb. 4 (Retrievable online at https://markets.businessinsider.com/news/stocks/citigroup-head-trader-suspended-alleged-stealing-food-cafeteria-fixed-income-2020-2-1028873041)